By Michael Connor NEW YORK (Reuters) – The European Central Bank’s plan to pump out about 1 trillion euros to revive the euro zone economy kept stocks in the region on track for their best week since 2011 but knocked the shared currency to fresh 11-year lows. Wall Street, which rallied 1.5 percent on Thursday’s Read More
Author: Cac Futures
European markets rallied to close higher on Thursday after the European Central Bank (ECB) announced a full-scale bond-buying program. The pan-European FTSEurofirst 300 (FTSE International: .FTEU3) provisionally closed 1.6 percent higher at 1,453.28 points-its highest closing level since early 2008, according to Reuters. The U.K.’s benchmark FTSE (FTSE International: .FTSE) index ended unofficially 1.0 percent Read More
Taking a page from the Ben Bernanke playbook, Mario Draghi and the European Central Bank announced a bond buying program this morning to the tune of €60 billion a month through September of 2016 for a total of about €1.2 trillion. The program is an attempt to turn around Europe’s lagging economy, boosting inflation that Read More
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European markets closed higher on Wednesday, as news emerged that the European Central Bank is set to buy around 50 billion euros ($ 58.3 billion) per month of government bonds for around a year. European stocks briefly spiked, before slipping to trade lower, after the Wall Street Journal cited sources in its report on the Read More
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By Hideyuki Sano TOKYO (Reuters) – Asian shares hit a six-week high and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen jumped after the Bank of Japan left policy unchanged. MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> rose Read More
European equities closed in positive territory on Tuesday amid speculation that the European Central Bank (ECB) will announce a full-scale bond-buying program when it meets on Thursday. The STOXX Europe 600 (^STOXX) ended around 0.8 percent higher, with most sectors of the index trading in positive territory, bar technology and oil and gas, paring earlier Read More
It’s nice to see a bounce, especially after China did the right thing to crack down on very speculative margin trading it banned. New we will see if the market will take another bite of the poison fruit known as QE coming from the EU. Sadly, apparently the Euro is going that way putting Read More
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