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- European stock markets mid-session: Indices mixed before ECB decision on Quantitative Easing
European stock markets mid-session: Indices mixed before ECB decision on Quantitative Easing
European indices trade mixed today amid expectations on further stimulus measures launched by the ECB after its policy today .All eyes are on the press conference scheduled for 13:30 GMT to unveil size and details of the broadly expected stimulus program.
The ECB president will probably announce a 550 billion-euro bond purchase program, according to Bloomberg. Although markets are supported by the ECB's plans for QE investors' concerns over the outcome and the consequences of the Greek elections on January 25th are still weighing as the next Greek government will have to decide whether to extend the international bailout or not. The anti-austerity party Syriza leads in polls by almost 5%.
In today's session the FTSE 100 index is trading +0.27% quoted at 6,746.18 although U.K. industrial order expectations unexpectedly worsened in January with a reading of 4 compared to forecasts of 6. France's CAC 40 lost -0.18% trading at 4,476.88. Germany's DAX 30 is currently trading -0.25% at 10,273.03 points, retreating from the all-time high hit yesterday at 10,313,23 points.
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