european markets advance as ecb readies stimulus
Last Updated : GMT 14:05:10
Arab Today, arab today
Arab Today, arab today

European markets advance as ECB readies stimulus

Arab Today, arab today

Arab Today, arab today European markets advance as ECB readies stimulus

Frankfurt's DAX index rose 0.9% in morning trade
London - AFP

Europe's stock markets pushed higher Thursday as investors eagerly awaited a widely-expected stimulus announcement from the European Central Bank.

The euro meanwhile held close to an eight-month low as dealers bet on fresh stimulus from the ECB, which announces its interest rate call at 1245 GMT.

"The expectation is high that the ECB will deliver monetary stimulus," said VTB Capital economist Neil MacKinnon.

Nearing midday trade, London stocks added 0.3 percent, while Frankfurt rose 0.9 percent and Paris won 1.3 percent.

Policymakers are widely expected to step up their vast stimulus programme to counter weak inflation and boost economic growth.

At the bank's last monetary policy meeting of the year, analysts said president Mario Draghi will likely announce a beefing up of its bond purchase programme and a possible cut in key interest rates, which are already at historic lows.
"All eyes are on the European Central Bank ... as it prepares to announce its latest policy response to the ongoing depressed levels of inflation," added Oanda analyst Craig Erlam.

Speculation that the bank will further loosen its grip on monetary policy continues to press on the euro and has revived he possibility of it hitting parity with the dollar for the first time since 2002.

In foreign exchange deals on Thursday the euro changed hands at $1.0558, having struck $1.0551 on Wednesday --which was the lowest level since mid-April.

"Today could be a pivotal day in the story of the single currency (with) an aggressive move by the ECB to ease policy, especially with the Fed on course to tighten policy in the next couple of weeks," said analyst James Hughes at trading firm GKFX.

"If we are to get an aggressive move we are expecting big falls on the euro, and especially in euro/dollar.

"A move to parity has been the suggestion for the last few weeks."

In a bid to bring eurozone inflation back up to levels conducive to healthy economic growth, the ECB has already unleashed an unprecedented series of easing measures.  

It has slashed borrowing costs, made vast amounts of cheap loans available to banks and most recently embarked on a programme to buy around 60 billion euros of sovereign bonds each month until at least September 2016.

But area-wide inflation is still stubbornly low, standing at just 0.1 percent in November, far below the ECB's target of just under 2.0 percent.

The greenback had also rallied on Wednesday after Federal Reserve boss Janet Yellen said she considered the US economy strong enough to withstand an interest rate rise.

Her comments virtually assure a US rate hike at its next policy meeting this month following mostly strong data.

Meanwhile in commodity markets, world oil prices rebounded Thursday on the eve of OPEC output meeting in Vienna.

New York crude had tumbled Wednesday under $40 per barrel for the first time since August after another sharp rise in US stockpiles and production, suggesting demand remains sluggish.

- Key figures around 1130 GMT -

London - FTSE 100: UP 0.3 percent at 6,438 points

Frankfurt - DAX 30: UP 0.9 percent at 11,288

Paris - CAC 40: UP 1.3 percent at 4,967

EURO STOXX 50: UP 0.7 percent at 3,300

Tokyo - Nikkei 225: UP 0.01 percent at 19,939.90 (close)

New York - Dow: DOWN 0.9 percent at 17,729.68 (close)

Euro/dollar: DOWN to $1.0558 from $1.0619 in late US trade on Wednesday

Dollar/yen: UP to 123.45 yen from 123.21 yen

 

arabstoday
arabstoday

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

european markets advance as ecb readies stimulus european markets advance as ecb readies stimulus

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

european markets advance as ecb readies stimulus european markets advance as ecb readies stimulus

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday