European stocks steady after ECB stimulus boost
Reuters
Published Sep 13, 2019 03:21AM ET
European stocks steady after ECB stimulus boost
(Reuters) - European shares were roughly flat in early trading on Friday, on course for a fourth straight week of gains after the European Central Bank took strong action on economic growth and signaled governments should also do more.
ECB chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come as he cut rates deeper into negative territory.
By 0712 GMT the pan-European STOXX 600 index (STOXX) had fallen just 0.03%, while the euro zone only index (STOXXE) was marginally higher.
Trade-reliant commodity-linked (SXPP) and automotive (SXAP) stocks edged up after U.S. President Donald Trump said he could consider an interim trade deal with China ahead of high-level negotiations in October.
In corporate news, Deutsche Bank AG (DE:DBKGn) rose 1.5% after becoming the first of 16 financial services companies to resolve claims that it conspired to rig prices of bonds issued by Fannie Mae (PK:FNMA) and Freddie Mac (PK:FMCC).
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.