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- European stocks close: stocks closed higher on speculation that the European Central Bank will add further stimulus measures
European stocks close: stocks closed higher on speculation that the European Central Bank will add further stimulus measures
Stock indices closed higher on speculation that the European Central Bank (ECB) will add further stimulus measures. The ECB President Mario Draghi said at a press conference after the ECB meeting in October that the central bank will review its stimulus measures at its next meeting in December.
U.S. markets were closed for a public holiday today.
Meanwhile, the economic data from the Eurozone was positive. The European Central Bank (ECB) released its M3 money supply figures on Thursday. M3 money supply rose 5.3% in October from last year, exceeding expectations for a 4.9% gain, after a 4.9 % increase in September.
Loans to the private sector in the Eurozone climbed 1.2% in October from the last year, in line with expectations, after a 1.1% gain in September.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,393.13 +55.49 +0.88 %
DAX 11,320.77 +151.23 +1.35 %
CAC 40 4,946.02 +53.03 +1.08 %
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