Markets rise as ECB introduces new stimulus measures

Euro also up against pound and dollar after initial drop

Julian Marr
clock • 3 min read

European markets strengthened - as, somewhat less predictably, did the euro - after the latest measures aimed at boosting growth and inflation in the eurozone were unveiled by the European Central Bank (ECB).

Reaction from investment experts was also broadly positive although there was some unease over the lengths to which the central bank is now having to go to surpass market expectations. On the first anniversary of the ECB's introduction of quantitative easing (QE), the revelation by its chairman Mario Draghi (pictured) that the bank's deposit rate would move 10 basis points further into negative territory, to -0.40%, was not unexpected. Much more so was the decision to expand the asset purchase programme by €20bn (£15.6bn) a month to €80bn and to allow for the purchase of investment grade...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read