European stocks is stable in the morning as investors awaited the European Central Bank decisions
2016-10-20 12:32:14 GMT (Economies.com)
European stocks is stable in the morning as investors awaited the European Central Bank decisions

European stocks stabilized during the morning trading on Thursday, within a limited range of trading, with the reluctance of investors to build any new positions ahead of the European Central Bank decisions at the end of the league meeting, and is expected for the bank to keep the same monetary policy unchanged.

 

 

The Dow Jones Stoxx Europe 600 index rose about 0.1 By 10:00 GMT, the index concluded trading yesterday, up by 0.3 percent, the second daily gain in a row, supported by banking stocks and retail companies.

 

 

European rate decision will be issued by at 11:45 GMT and is expected to keep interest rates steady at the record level zero percent, and Mario Draghi, Governor of the Central Bank speaks by 12:30 GMT.

 

 

It is expected that the ECB keeps bond buying program unchanged, and investors by Draghi's comments looking for the future of the stimulus policies to the euro zone, especially with variation reports about the bank thinking to end the bond-buying program early, and other speculations suggest that the bank will prolong the bond-buying program during December next meeting.

 

 

Futures for the S & P 500 rose 0.3 percent, and the index ended yesterday's session on Wall Street, up by 0.2 percent, the second daily gain in a row, supported by gains of energy and commodities companies.

 

 

As for the most important European markets indices; euros Stoke 50 index rose 0.2 percent, and France's CAC 40 Index climbed 0.1 percent, and in Germany the DAX index gained 0.1 percent, and in London Financial Times 100 Index fell the amount of 0.1 percent.

 
 
 
 SymbolLastChangeChg.%
1.0695
0.01
0.89
1.2387
0.03
2.79
17.10
0.27
1.62
52.70
0.29
0.56
1213.12
10.14
0.84
USD to Arab Currencies
Yemen249.9500
UAE3.6728
Tunisia2.2918
Syria514.9800
Sudan6.4077
Saudi Arabia3.7491
Qatar3.6398
Oman0.3849
Morocco9.9640
Libya1.4284
Lebanon1505.5000
Kuwait0.3048
Jordan0.7072
Iraq1181.0000
Egypt18.6500
Bahrain0.3769
Algeria109.3200