World stock markets bounce back after turbulent week

Discussion in 'Market News' started by Lily, Jan 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Shares in Asia and Europe recover from week’s heavy losses after ECB indicates further stimulus and oil price rises

    European and Asian stock markets bounced back at the end of a tumultuous week, as oil prices recovered and the European Central Bank president, Mario Draghi, raised hopes of further stimulus measures.

    It was a week that involved panic selling in global markets, pushing several of them, including London and Japan, into bear market territory, as oil prices tumbled to 13-year lows below $28 a barrel and further intensified fears over the health of the global economy.

    Related: ECB stimulus hint steadies markets

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