European Stock Markets Set to Open Higher After Announcement of ECB's Stimulus Measures - Forex News by Strategia Forex

European Stock Markets Set to Open Higher After Announcement of ECB’s Stimulus Measures

Posted Friday, September 13, 2019 by
Arslan Butt • 1 min read

European stock markets look set to trade in the green today following ECB’s announcement of stimulus measures to revive the weakening Eurozone economy. Earlier today, Asian stock markets also rallied as the market sentiment was boosted by ECB’s recent announcement and expectations of a thaw in US-China trade tensions.

The ECB announced a 10bps cut in its deposit rate and the restarting of its QE program on November 1 for bond purchases worth 20 billion euros every month. The bond purchase program could extend for as long as the bank sees necessary to lift the Eurozone economy.

European stock markets could be impacted by Eurozone’s trade balance and wages data due later today. At the time of writing, the main German index DAX is trading at a little above 12420.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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