ECB Will Launch QE

23 January, 2015

Yesterday world financial markets closed on the rise due to the ECB’s decision to launch its quantitative easing (QE) scheme. According to the ECB, QE will begin this March and last all the way to September 2016 or till the inflation rate reaches 2% per annum. The daily bond-buying amount is set at 60 billion euro.

Thursday’s trading in Europe resulted in the FTSE 100 growing 1.02 percent up to 6,796.63 points, the DAX adding 1.32 percent up to 10,435.62 points and the CAC 40 advancing 1.52 percent up to 4,552.80 points.

In Russia, the MICEX index grew 2.99 percent making 1,666.56 points, the highest rate since 2011, while the RTS index shot up by 4.48 percent reaching 817.14 points. Besides an earlier rise in oil prices, the indices were boosted by President Vladimir Putin’s preliminary approval of the Russian government’s large-scale crisis management plan for 2015 to the tune of 1.375 trillion rubles.

In the USA, the Dow Jones Industrial Average grew 1.48 percent up to 17,813.98 points, the Standard & Poor's 500 gained 1.53 percent getting to 2,063.15 points, and the NASDAQ Composite advanced 1.78 percent closing at 4,750.40 points.

Oil prices finished with a drop after posting a rise earlier. The NYMEX price of WTI oil futures went down by $1.47 and closed at $46.31 a barrel. On London’s ICE, after testing the rate of $50 a barrel during the day, Brent oil futures for March ended the trading session with a $0.14 drop and reached $48.89 a barrel. Today oil prices are rising due to reports about the death of Saudi King Abdullah bin Abdul Aziz. He’s succeeded by his half-brother Salman bin Abdul Aziz Al Saud.  

On the Forex market, EUR/USD went down more.

Anna Gorenkova, NordFX Analyst


Source link  
Which Currency Will Come Out on Top: US Dollar or Yen?

USDJPY currency pair is among the top five most popular pairs either in Forex market or when trading binary options, therefore not only governors of the central banks and managers of the hedge funds, but also millions of private traders around the world care for its future...

Oil Price Hike: To Be or Not to Be?

In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller's heirs called off their investments in fossil fuels. They explained the decision by the fact that clean renewable energy was phasing out oil-based wealth...

HSBC Shares: Perspectives for 2016

HSBC is a major multinational financial organization that lends services to over 48 million customers throughout the world. The group has 6,100 offices in 72 countries and territories across Europe, Asia, the Middle East as well as North and Latin America...


EUR/USD Reached 1.12 Rate

Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points...

Oil Price Continue to Fall

Yesterday world financial markets posted mixed results. In Europe, the British FTSE 100 grew 0.34 percent to 6,973.04...

Drop in European Equity Due to Greek Situation

Yesterday world financial markets closed mixed. In particular, European stock markets slumped following the interim meeting of the Eurogroup and the Greek government...


A Slight Hike on Markets

On Monday, the world’s financial markets closed mainly on the rise, with the exception of the commodity market where the price...

Markets Are on the Up Again

Yesterday world financial markets closed on the rise for the most part. In Europe, the FTSE...

Decline for All Markets

Last Friday the world’s financial markets closed with a slump due to China's crackdown on margin trading...

  


Share: