European Stocks Inch Up After ECB Prolongs Stimulus (news:09/12/16)

Posted On 09 Dec 2016

Today’s Press

European Stocks Inch Up After ECB Prolongs Stimulus

The Stoxx Europe 600 inched up 0.6% at midday, on track for its best week since February. The index has risen over 4% this week, supported in recent sessions by expectations for more stimulus from the European Central Bank and a calm reaction to the Italian referendum. Futures pointed to a 0.1% opening gain for the S&P 500, on track to end the week around 2.5% higher.

OPEC Oil Deal Faces Test as Cartel Tries to Pin Down Russia on Details of Cuts

Two days before OPEC ministers gathered in Vienna on Nov. 30, Iran’s oil minister passed a message to his boss, President Hassan Rouhani, people familiar with the matter said: Saudi Arabia wouldn’t agree to slash production without a commitment from Russia.

Banks want to stay under EU law for up to five years after Brexit

Financial institutions say a lengthy transition period is ‘important in order to avoid potential damage to the ‘real economy’ that is reliant upon uninterrupted access to financial services’

Forex Quotes:

USDJPY: 114.88

EURUSD: 1.0566

Indices:

S&P 500: 2,246.19

NASDAQ : 5,417.36

Source:: European Stocks Inch Up After ECB Prolongs Stimulus (news:09/12/16)

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