NEW YORK - Wall Street stocks finished higher on Thursday after the European Central Bank announced new stimulus measures and as investors greeted further signs of moderation in the US-China trade war.
The Dow Jones Industrial Average ended the day at 27,182.45, up 0.2 per cent, increasing for the seventh straight session. Markets were in positive territory virtually the entire day but pulled back from session highs in the last half hour of trading after flirting with records. In a highly-anticipated move, the ECB cut a key interest rate deeper into negative territory, and announced new net purchases of government and corporate debt and support for struggling banks as outgoing chief Mario Draghi urged eurozone governments to spend more.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall St opens higher on tariff delays, ECB stimulus[NEW YORK] US stocks opened on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank cut interest rates in an effort to boost euro zone economic growth. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Moment of truth for ECB on new round of stimulusFRANKFURT: After 2019 opened with hopes the European Central Bank could begin 'normalising' policy after years of buttressing the Eurozone, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Stock markets rise before expected ECB boost[LONDON] European stock markets rose in early trade Thursday, with investors awaiting expected fresh stimulus measures from the European Central Bank to help support the struggling eurozone economy amid a global slowdown. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia: Stocks hit six-week high on trade war hopes ahead of ECB[TOKYO] Asian stocks hit a six-week high on Thursday on hopes for a thaw in US-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong may be weak link for US technology, US senators warnWASHINGTON (BLOOMBERG) - A bipartisan group of US senators has told the Trump administration that they are concerned about whether US export controls are strong enough to prevent China from getting sensitive American technology through Hong Kong.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
ECB is preparing to inflict more pain on banks[TOKYO] The European Central Bank (ECB) is about to turn the screws again on financial institutions by diving even deeper into negative interest rates. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »