US, European stocks rises as ECB fires bazooka, US sheds less jobs | Malay Mail

Thursday, 11 Mar 2021 11:51 PM MYT

The ECB said after its latest monetary policy meeting that it will ramp up the pace of its pandemic emergency bond buys, in a clear bid to soothe market jitters about a rise in government borrowing costs and inflation. “The central bank doesn’t want the eurozone’s rising borrowing costs to falter the economic recovery from the pandemic,” noted market analyst Fawad Razaqzada at ThinkMarkets.

“The key takeaway from the initial jobless claims data is that initial claims are still high, but at least they are moving in a direction that suggests the economy is finding its growth stride again,” said market analyst Patrick O’Hare at Briefing.com.

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