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Australia stocks jump more than 2% as ECB announces $821 billion stimulus package

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The European Central Bank announced a new €750 billion ($821 billion) Pandemic Emergency Purchase Programme which will purchase securities to help support the European economy.

Shares in Australia jumped in early trade, while futures pointed to a mixed open for Japanese stocks.

The European Central Bank announced Wednesday a new Pandemic Emergency Purchase Programme that will be able to use €750 billion to purchase securities to help support the European economy. Stocks in Asia were set to open mixed on Thursday as fears over the coronavirus pandemic's economic impact continue to weigh on investor sentiment.

Shares in Australia jumped in early trade, with the S&P/ASX 200 up 2.64%. Australian jobs data for February is expected to be released around 8:30 a.m. HK/SIN on Thursday. Futures pointed to a mixed open for Japanese stocks. The Nikkei futures contract in Chicago was at 17,010 while its counterpart in Osaka was at 16,430. That compared against the

 

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