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

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

Reuters  | Jun 16, 2020 14:10

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

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
June 16 (Reuters) - 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
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 STXEc1 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
FDXc1 were up 2.7%, while FTSE 100 futures FFIc1 gained
S&P 500 futures EScv1 also added 1.1%, looking set to
extend gains for the benchmark S&P 500 index .SPX for a third
straight day. MKTS/GLOB

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