Wednesday, October 5, 2016

ECB ‘depressed’ to european stock markets – The Financial

The european stock markets fall under the operations of half a day, in the midst of the doubts about the future of the bond buying program by the European Central Bank the ECB), while the actions of the british retailer Tesco jumped after reporting their half year results.

The ECB will gradually reduce its bond purchase of 80 billion euros a month before ending its program of quantitative easing, said on the eve of the specialized agency Bloomberg.

The manager’s press agency, Michael Steen, noted that the governing board of the institution has not discussed the issue.

Also had an influence at the start of the trading day of Wednesday, the comments of officials of the Federal Reserve (Fed) of the united States on a next rising rates of interest.

president of the Fed of Chicago Charles Evans, noted that it would be “very well” raise rates at the end of the year if the economic data of us are kept constant.


The holder of the Fed of Richmond, Jeffrey Lacker, indicated that there were strong indications to raise interest rates,

In this context, the Stoxx 600 back 0.7 percent, and all sectors, except the financial, operating in negative territory, after an advance of 0.8 in the previous session.

The papers of Tesco rose 7.8 percent to touch its highest level in more than a year, after reporting a half year results that were located in the upper part of the expectations.

In the currency market, the pound sterling hit a low in 31 years of 1.2686 dollars in the opening before rallying to 1.2720 units, more or less stable in the day.

while the euro recovered after two days of losses in a row, climbing 0.06 percent, to 1.1209 units.

below the listing of the main european stock exchanges:

Stock Index midday Points Percent

London’s FTSE-100 7,035.70 -38.30 -0.54%

the Paris CAC-40 4,486.60 -16.92 -0.38%

Frankfurt’s DAX 10,586.55 -35.30 -0.34%

Zurich SMI 8,129.57 -35.35 -0.45%

Madrid Ibex-35 8,689.50 -79.50 -0.91%

Milan MIB Index 16,227.51 -80.51 -0.49%

Lisbon’s PSI-20 4,599.40 -36.31 -0.78%

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