European stocks jump to 6-week high on ECB stimulus hopes

2019-09-11 12:14:38 GMT (Economies.com)
European stocks jump to 6-week high on ECB stimulus hopes

European stocks opened higher today, extending gains for the fourth second session to a 6-week high, on hopes that the ECB will take new stimulus measures tomorrow to support the weak economy, amid continues positive signs on the easing of the US-China trade war.

 

As of 11:10 GMT, stoxx Europe 600 Index rose by 0.4%, to the highest level since July 30th, while the index closed higher by 0.1%, on the banking sector's gains.

 

The index opened higher today, to extend its gains for the second consecutive session to a 6-week high, with most of the European markets and sectors surging.

 

The European Central Bank (ECB) next meeting will launch tomorrow, and will include the bank's members discussions on monetary policy and interest rates, with forecasts of negative rates to stimulate the European economy

 

The Chinese Ministry of Finance announced on Wednesday that 16 US products would be exempted from tariffs, with a 1-year exemption from September 17th.

 

Which is interpreted as the latest sign on the easing of the US-China trade war after the announcement of a new round of trade talks in Washington in first of October.

 

S&P 500 futures rose by 0.2%,  it closed yesterday in Wall Street flat for the second straight session.

 

Euro Stoxx 50 index rose by 0.4%, in France the CAC 40 rose by 0.4%, while Germany's DAX rose by 0.7%, and in London, the FTSE 100 rose by 0.9%.

 
 
 
  Symbol Last Change Chg.%
1.1003
-0.0021
0.1928%
1.2841
0.0040
0.3105%
Tadawul
7932.52
-48.79
0.61%
16.984
0.181
1.080%
57.455
0.096
0.167%
62.37
0.31
0.50%
1464.770
6.490
0.445%
 
 
US
 
Europe
 
Asia