European stocks set to open higher on ECB stimulus hopes and US tariff delay
European stocks were set to open higher Thursday as investors look ahead to an anticipated announcement of easing measures from the European Central Bank (ECB).CAC 40 was set to climb around 28 points to 5,646, according to IG data. The ECB rate decision is expected at 12:45 p.m. London time, with markets widely anticipating a significant package of monetary stimulus from the central bank, but analysts and ECB officials are striking slightly different tones on its magnitude. Stocks received a boost Wednesday after President Donald Trump announced a two-week delay to the increased tariffs on $250 billion worth of Chinese imports expected on October 1. Trump said pushing the imposition of the duties back to October 15 was intended as a as the world's two largest economies continue a two-year long trade war. Asian stocks traded mostly higher Thursday afternoon on the news, with Japan's Nikkei leading gains. Back in Europe, Brexit remains in focus despite the suspension of the U.K. Parliament. The British government bowed to pressure to publish its plans for a no-deal Brexit on Wednesday night, revealing warnings of severe disruption to cross-Channel routes which would impact the supply of medicines and certain types of fresh foods. The "Operation Yellowhammer" paper also anticipates protests and counter-protests, and a possible rise in public disorder. British Prime Minister Boris Johnson on Wednesday reiterated his pledge to ditch the from the Withdrawal Agreement negotiated by his predecessor Theresa May. European leaders have previously said the mechanism, which relates to maintaining a seamless border on the island of Ireland, is non-negotiable. In corporate news, Britain's Finance Ministry has said it will scrutinize a , while Italian leaders have also vowed to monitor the deal closely to ensure Italy's stock exchange is protected should the deal go through. Related Tags Read more: CNBC
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European stocks seen lower on Brexit stalemate as investors await ECB meetingEuropean stocks were seen lower Tuesday morning after U.K. Prime Minister Boris Johnson lost a second bid to hold an early election but reiterated his pledge to leave the EU on October 31. Investors also have one eye on an impending meeting of the ECB, with markets hopeful of a monetary stimulus package on Thursday.
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Mario Draghi and the ECB confront a slowing euro zoneMr Draghi must use the bully pulpit to urge governments to exercise their fiscal powers to fend off a recession Can the dare-devil stunts and tactics help the world central banks stop the arrival of the overwhelming tide of change from rocking the roots of the existing world economic system? - Not really. Does he mean before, or after, high taxes and negative interest rates? WHY? Ebb and flow. Business cycle. Let it be!
Investor Hopes for Cheaper Money in Europe DimEconomists broadly expect the ECB to reduce its key deposit rate by at least 10 basis points. But expectations for the size of the monthly bond-purchase program that might also be announced have been eroding. Bond-buying, combined with a rate cut, would doubly boost investor confidence and buoy the market.