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European stocks steady after ECB stimulus boost

Published 09/13/2019, 03:18 PM
Updated 09/13/2019, 03:20 PM
European stocks steady after ECB stimulus boost
DBKGn
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STOXX
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FMCC
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FNMA
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STOXXE
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SXAP
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SXPP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Sept 13 (Reuters) - European shares were roughly flat in
early trading on Friday, on course for a fourth straight week of
gains after the European Central Bank took strong action on
economic growth and signalled governments should also do more.
ECB chief Mario Draghi pledged indefinite stimulus on
Thursday to revive an ailing euro zone economy, tying the hands
of his successor for years to come as he cut rates deeper into
negative territory. By by 0712 GMT the pan-European STOXX 600 index .STOXX had
fallen just 0.03%, while the euro zone only index .STOXXE was
marginally higher.
Trade-reliant commodity-linked .SXPP and automotive
.SXAP stocks edged up after U.S. President Donald Trump said
he could consider an interim trade deal with China ahead of
high-level negotiations in October. In corporate news, Deutsche Bank AG DBKGn.DE rose 1.5%
after becoming the first of 16 financial services companies to
resolve claims that it conspired to rig prices of bonds issued
by Fannie Mae FNMA.PK and Freddie Mac FMCC.PK .

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