European stock index futures bounce on Fed's bond buying plan

MG News | June 16, 2020 at 12:16 PM GMT+05:00

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June 16, 2020: European stock index futures joined a global rally on Tuesday, ahead of the U.S. Federal Reserve's plan to kick off its corporate bond buying programme in an attempt to contain the economic damage from the COVID-19 pandemic.

The Fed is set to start purchasing corporate bonds on Tuesday through the secondary market corporate credit facility (SMCCF), one of several emergency facilities recently launched by the U.S. central bank to shore up liquidity.

Euro Stoxx 50 futures surged 2.5%, recovering from a slump in the past week that was fuelled by concerns of another wave of global coronavirus infections. German DAX futures were up 2.7%, while FTSE 100 futures gained 2.2%.

S&P 500 futures also added 1.1%, looking set to extend gains for the benchmark S&P 500 index for a third straight day.

Reuters

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Name	Price/Vol	%Chg/NChg
KSE100	168,636.85 149.85M	-0.78% -1332.47
ALLSHR	102,097.08 546.07M	-0.77% -795.55
KSE30	50,262.67 54.80M	-0.75% -381.59
KMI30	241,515.75 50.02M	-0.86% -2092.75
KMIALLSHR	66,137.02 252.98M	-0.78% -518.68
BKTi	46,890.48 12.29M	-0.52% -245.51
OGTi	34,227.32 5.31M	-1.41% -489.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,935.00	84,755.00 83,395.00	10.00 0.01%
BRENT CRUDE	101.21	101.24 96.55	3.18 3.24%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.65 0.51%
ROTTERDAM COAL MONTHLY	143.60	144.00 142.95	1.35 0.95%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.68	92.90 88.79	1.26 1.39%
SUGAR #11 WORLD	18.94	19.00 18.55	0.33 1.77%