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- European Stocks. First hour: Indices rebound from last Friday’s losses on QE hopes
European Stocks. First hour: Indices rebound from last Friday’s losses on QE hopes
European indices edge higher in early trading amid speculations on full-scale quantitative easing being decided at the next ECB-meeting taking place on January 22nd. As the Eurozone faces the risk of deflation the possibility of the ECB to buy government bonds is growing. Eurozone's consumer prices dropped an annual 0.2% in December declining for the first time in five years.
Today markets were supported by solid gains in the health-care and financial sector. Energy stocks were under pressure again as the slump in oil prices continued. Markets look ahead to FOMC Member Dennis Lockhart's speech scheduled for 17:40 GMT today.
After a mixed set on U.S. job data U.S. indices point to a higher open.
The FTSE 100 index is currently trading +0.61% quoted at 6,540.58 points, Germany's DAX 30 added +1.14% trading at 9,758.62. France's CAC 40 rose by +1.20%, currently trading at 4,229.04 points.
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