Wall St. gained 0.7% and markets in Europe to 4.2%, driven by ECB and oil – Ambito.com

     Business
    
    
    Thursday January 21, 2016
    
         
    

Markets

Stocks rose on the New York Stock Exchange accompanying rising prices oil, which posted their biggest daily gain of the year, after the president of the European Central Bank fueled expectations of more stimulus in the euro area.

The Dow Jones industrial average He gained 115.74 points (+ 0.73%) and closed at 15882.48 points, while the S & P 500 rose 9.65 points (+ 0.52%), and ended in 1868.98 units <. / b>

The Nasdaq Composite, meanwhile, closed with a slight increase of 0,370 points (+ 0.01%), and ended in 4472.056 units.

With a start marked by volatility, traders in the New York park bet on purchases in a fit session marked by a few words of Draghi, who said that at the next meeting in March will review its monetary policy .

After the Governing Council of the ECB decided to maintain its official interest rate at the record low of 0.05%, Draghi warned that “ have increased the downside risks for growth economic “of the euro area at the beginning of the year .

Therefore, he said “may be necessary to review and reconsider” the monetary policy meeting in early March, when provided with the new macroeconomic projections for growth and inflation the ECB.

The European Central Bank (ECB) “is determined” to act and no “limits on how far we can go,” Draghi said.

The ECB also decided to keep the key rate Eurozone by 0.05%. “The continued decline in oil prices, weakening growth prospects in emerging economies and the worsening of inflation expectations have increased risks,” said Lee Hardman, currency analyst expert Bank of Tokyo-Mitsubishi UFJ.

Analysts also emphasized that the rally is also supported by a stabilization of oil prices.

On the other hand, a worse figure than expected on the labor market are met, since the weekly grant applications US unemployment rose by 10,000 last week and stood at 293,000, the highest level since last July .

Meanwhile, European stock markets sharply higher also held the promise of the ECB to use all available resources to revive the economy of the euro zone.

The London FTSE-100 index rose 1.8%, the Frankfurt Dax-30 1.9%, the CAC-40 in Paris by 2%, the FTSE-Mib in Milan by 4.2% and the Ibex Madrid 35 2%.

“The markets rebounded in late trading (in Europe) after ECB President Mario Draghi said the bank Central could add new measures to its current monetary arsenal in March, “ Jasper said Lawler, an analyst at CMC Markets.

• Tokyo

The Asian stocks and oil fell again Thursday, feeding the high volatility in recent weeks in global markets.

The day started with gains in Hong Kong, Tokyo and Shanghai, where investors took advantage of the fall of the last days to buy assets at good prices.

However, volatility returned to seize the evening of the Chinese and Japanese markets, which are still impacted by the fall of oil prices below $ 30 a barrel, and Chinese growth, the lowest in 25 years (6.9% in 2015).

In China, stocks fell despite the central bank injected into the banking system 400,000 yuan (60,000 million dollars), the largest injection in the last three years.

Bag Shanghai, which has already lost about 16% so far this year, closed Thursday with a drop of 3.23%. The Shenzhen, the second largest in mainland China, allowed 4.01%, while Hong Kong fell 1.82% .

On the other hand, index Tokyo Nikkei 225 lost 2.43% and 0.3% Seoul. Sydney, however, closed with a modest rise of 0.5%

.