- Analytics
- News and Tools
- Market News
- European stocks close: stocks closed higher on speculation the European Central Bank will add further stimulus measures
European stocks close: stocks closed higher on speculation the European Central Bank will add further stimulus measures
Stock indices closed higher on speculation the European Central Bank will add further stimulus measures. The reason for the speculation was the weaker-than-expected Ifo business climate index for Germany. The Ifo business climate index for Germany declined to 104.7 in September from 106.3 in August. That was the fifth successive in five months and the lowest level since April 2013.
Analysts had expected the Ifo business climate index to fall to 105.9.
The European Central Bank (ECB) President Mario Draghi said in a French radio interview on Wednesday that the ECB will keep its monetary policy accommodative for as long as needed to bring inflation to 2% inflation target.
TNT Express NV dropped 9.4% after the company cut its 2015 profit forecast.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,706.27 +30.19 +0.45%
DAX 9,661.97 +66.94 +0.70%
CAC 40 4,413.72 +54.37 +1.25%
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
