|09-04-2014, 04:31 PM||#1|
European shares rise ahead of ECB decision
European shares soared on Thursday midday trading before the awaited ECB monetary decision which may show an announcement of new stimulus measures.
The BOE left both interest rates and amount of asset purchases at 0.50 percent and 375 billion pounds this month.
However, investors are waiting for an action from the ECB after a report released this week showed both manufacturing and services sectors eased expansion in August.
Some analysts predict to see QE measures announcement today, while others expect the bank will stick to measures announced in June.
As known, the generous money printing by central banks is one of the key reasons behind global equity rally.
The ECB will also give an update about the health of the economy by releasing its latest growth and inflation forecasts.
As of 06:48 EST, STOXX EUROPE 600 soared 0.07% to record 345.20 points. Energy led the advance with a rise of 0.28%, followed by Consumer Staples which recorded 0.23% rise.
The highest shares were for Standard Life as it advanced 8.52% to 419.00 GBP, while the biggest drop was recorded by Bilfinger SE as its shares plummeted 10.97% to 52.97 EUR.
Looking at other the major European indices, the French CAC index edged up 0.01% to 4422.50 levels and Germany`s DAX index slipped 0.23% to 9603.95 points. Britain`s FTSE 100 index recorded 0.21% advance to 6888.21 points.
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