European shares slip for the second consecutive session under pressure from Mario Draghi's remarks

Economies.com
2016-09-09 09:39AM UTC

European stocks fell during morning trade on Friday, extending losses for the second consecutive session, under pressure from Mario Draghi's comments, which wiped out the hopes of extending the bond-buying program stimulating for the economy, as well as low sentiment after North Korea carried out a nuclear test that sparked concern in the financial markets.

 

 

Europe's Dow Jones Stoxx 600 Index fell less than 0.3 percent by 09:15 GMT, yesterday's session index closed down 0.3 percent after Europe Bank kept interest rates and the asset purchase program without any change in the conclusion of its regular meeting.

 

 

ECB kept interest rates and the stimulus program unchanged, a sign that policy makers in Europe do not see an immediate threat to the recovery of the European economy, including the effects of Britain's secession from the European Union.

 

 

And Mario Draghi, Governor of the Central Bank said in press statements, he saw no need for the European economy for an additional stimulus at the moment, and stressed that the bank did not discuss the extension of the asset purchase plan, and announced the establishment of a committee to re-evaluate the stimulus plans

 

 

North Korea conducted a nuclear test, the fifth on Friday, the anniversary of the founding of the communist state, the country confirmed that they are now able to produce a mini nuclear weapons.

 

 

Futures the S & P 500 fell 0.2 percent, and the index closed yesterday's session on Wall Street, down by 0.2 percent, dropping from near its record highs after a rebound forecast increasing US interest rates in September this month.

 

 

As for the most important European markets indices euros Stoke 50 index fell 0.3 percent, and France's CAC 40 index down 0.2 percent, and Germany's DAX index lost 0.3 percent, and in London Financial Times 100 Index fell the amount of 0.2 percent.

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