Comments
European shares rose for a six straight day early on Thursday as investors bet on the size and shape of a sovereign bond-buying programme the European Central Bank is expected to unveil later in the day.
Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing (QE). A euro zone source said on Wednesday that the Executive Board proposed that the bank should buy €50 billion ($58 billion) in bonds per month from March.
“At the moment, we are pretty much flat (on our trading book),’’ Markus Huber, a senior trader at Peregrine & Black, said.
“QE itself is in the market except its size and how long it will last. Anything less than €500 billion (in total) would be definitely a disappointment if it’s just a year, that’s also already in the market.’’
Among single stocks, Remy Cointreau rose nearly 2 per cent after reported third quarter cognac sales well ahead of forecasts, driven by robust demand for premium qualities in the United States.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.