Friday, January 23, 2015

In Europe, the ECB contracts grow – Onet.pl

In Europe, the ECB contracts grow – Onet.pl

In Europe, contracts on the Dow Jones Euro Stoxx 50 percent increase by 1,024. and amounts to 3355.00 points.

CAC 40 futures zwyżkują of 1,087 per cent., and the DAX futures the plus of 0.570 percent.

At Thursday’s meeting, the ECB left interest rates unchanged. At the same time it was decided to start a program of asset purchases (QE), worth 60 billion euros a month.

The program is take at least until September 2016. which means that the total value will be approx. 1 trillion euros.

The ECB was buying bonds will be investment grade according to the criterion of the share of individual countries in the ECB’s capital.

In the case of inflation remain clearly below the ECB, the program may be extended.

The program will be coordinated by the ECB, but realized by the central banks of each country.

Kit Juckes, strategist at Societe Genral Global, believes that the introduction of buy-back program assets by the ECB is all what the bank could do.

“Plan Draghi’ego, that’s all The ECB could do “- says Juckes.

Central bank governor Ignazio Visco Italy evaluate the actions of the ECB as a step in the behavior of stable prices.

“The ECB indicates the determination of the bank, and QE should work in practice” – he says.

He added that the eurozone is very far from the target set for “close below” 2 percent.

Meanwhile, on Friday, investors in Europe know preliminary calculations PMI in industry and services in January including France, Germany, the euro zone, and in the afternoon PMI from the US.

In W.Brytanii will and provided information on retail sales in December.

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