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European stocks rise ahead of the ECB rate decision

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets across Europe advanced in early trading as investors expect ECB’s Draghi to hint at more easing in the near future.

    The pan-European Euro Stoxx 50 index currently trades 1% higher near 3000 levels. Among the regional indices, Germany’s DAX is up 0.7% and France’s CAC is up 0.90%. The mining heavy UK’s FTSE index is up almost 1%.

    Following the risk aversion in Asia, the European futures were pointing to a negative open. However, investors believe Draghi could hint at more easing, given the sharp drop in oil and its disinflationary impact. Hence, stocks prices have rallied in early trading.
    For more information, read our latest forex news.
     

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