European stocks stage rebound on ECB stimulus

MG News | March 19, 2020 at 02:29 PM GMT+05:00

0:00

Mar 19, 2020: Europe's stock markets rebounded Thursday after a mixed open, as investors digested the European Central Bank's 750-billion-euro ($820-billion) bond-buying stimulus aimed at containing the economic damage from the coronavirus outbreak.

In initial deals, London's benchmark FTSE 100 index rallied 1.6 percent to 5,163.95 points and Frankfurt's DAX gained 1.9 percent at 8,603.44.

Paris was the star performer with the CAC 40 soaring 3.7 percent to 3,892.62 points.

After announcing the vast stimulus programme, ECB boss Christine Lagarde tweeted that "extraordinary times require extraordinary action. There are no limits to our commitment to the euro."

Those comments echoed the words of her predecessor Mario Draghi, whose pledge to do "whatever it takes" to preserve the eurozone was seen as a turning point in the region's sovereign debt crisis.

AFP/APP

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KSE100	168,062.17 222.44M	-0.49% -830.92
ALLSHR	100,418.83 533.18M	-0.47% -469.95
KSE30	51,322.39 95.56M	-0.78% -400.92
KMI30	235,325.12 71.27M	-0.62% -1468.03
KMIALLSHR	64,292.17 192.91M	-0.54% -350.28
BKTi	49,115.42 49.83M	-0.78% -388.38
OGTi	32,316.78 8.08M	-1.33% -436.77

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,185.00	67,760.00 64,325.00	-1640.00 -2.42%
BRENT CRUDE	71.88	71.96 70.69	0.12 0.17%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.60	66.67 65.38	0.12 0.18%
SUGAR #11 WORLD	14.05	14.10 13.78	0.18 1.30%