USA / increases on Wall Street after the comments ECB president – Virtual Poland

Thursday trading on US exchanges were marked by small increases in the comments European Central Bank President Mario Draghi on. Program of quantitative easing. Limited enthusiasm weaker than expected US macro data.

At the close of the Dow Jones Industrial rose by 38.82 points. (0.21 per cent.) To 18,135.72 points., S & amp; P 500 gained 2.51 points. (0.12 per cent.) And amounted to 2101.04 points., And the Nasdaq Composite zwyżkował of 15.67 points. (0.32 per cent.) And amounted to 4982.81 points.

The ECB President Mario Draghi said on Thursday that the European Central Bank will start buying government bonds on March 9. Draghi confirmed that in the context of the ECB’s quantitative easin g program will be bought up 60 billion worth of assets per month and that the program will continue until at least September 2016.

Draghi added that the quantitative easing program may be extended beyond this term, if necessary. Quantitative easing program will also include bonds with negative yields, provided, however, that they will not be lower than the ECB’s deposit rate – he said.

Draghi also announced the reduction of inflation forecasts in the euro zone. The new forecast the ECB expects inflation in the euro area in 2015. Is 0 percent. to the previously projected 0.7 percent. At the same time, however, the ECB raised the forecast of GDP growth in the euro zone this year of 1 percent. up to 1.5 percent.

Weaker than expected Thursday proved to labor market data in the US. The number of people applying for the first time jobless claims last week in the US rose to 320 thousand. of 313 thousand. the week before. Wall Street economists had expected jobless claims will be 295 thousand.

On Friday, the government plans to publication of data from the US labor market in February. Surveyed by Bloomberg analysts expect that employment in the US will grow by 235 thousand. new jobs, the unemployment rate dropped to 5.6 percent. from 5.7 per cent. in January. Hourly wages are expected to rise by 0.2 percent.