News Formal

Stocks near record high after ECB talks of 'forceful' support

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

Stocks returned to near record highs in Europe on Thursday as investors bet on the European Central Bank keeping its stimulus taps full open as ...

LONDON: Stocks rose to near lifetime highs on Thursday after the European Central Bank pledged to keep interest rates at record lows for even longer to help the euro zone's struggling economy recover from COVID.

The ECB said that long periods of low inflation would require"especially forceful or persistent" policy support, a hint that stimulus might be kept in place for longer than many had predicted. "The Delta variant has hit risk appetite, it's summer markets and we saw some positioning squeezes on long-growth, short-Treasuries. All those have been factors," Gallo said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks and oil climb as risk appetite returns despite Delta fearsStocks and oil rose while bond yields eased on Wednesday as risk appetite returned, despite fears about rising cases of the Delta coronavirus ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »