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ECB May begin normalising Policy

By Eleanor Bridger  |  24/10/2017 17:44
The program was applied to stimulate growth regarding employment and economic expansion across the region. It has some speculating that the ECB may begin normalising its policy.

The biggest movers were banks Santander (MC:SAN), which rallied 0.29%, Caixabank SA (MC:CABK), which increased 0.65%, and B. Sabadell (MC:SABE), which surged 2.14%. Banking firm Bankia SA (MC:BKIA) fell 0.32%, while IT firm Indra Sistemas SA (OTC:ISMAY) decreased 0.57%.

London: The FTSE 100 inched down three points or 0.05% with Costa coffee chain operator Whitbread (LON:WTB) decreasing 4.87% despite posting a boost in profits in the last fiscal quarter. Financial firm Provident Financial Holdings Inc (NASDAQ:PROV) was also down, decreasing 2.26%.

Germany: The DAX rose 17 points or 0.14%, with Commerzbank (DE:CBKG) one of the leading gainers, up 3.72%. Deutsche Bank (DE:DBKGn) increased 1.97% while airline firm Deutsche Lufthansa AG (DE:LHAG) increased 1.04%. Meanwhile chemical firm BASF slumped 1.12% despite reporting strong third quarter earnings.

France: The CAC 40 increased six points or 0.13%. Among the biggest gainers was financial firm Credit Agricole (PA:CAGR), which was up 1.39%. Airline maker Airbus Group SE (PA:AIR) rose 0.89% while financial services company Societe Generale (PA:SOGN) increased 0.70%.

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Author's Other Opinion & Analysis

  • Update: ECB Extends Tapering Program
    By Eleanor Bridger  |  26/10/2017 14:57

    Market update on the ECB announcing to extend its tapering program.

  • Forecasts of Oil-Stock Drop: Data Released Tonight
    By Eleanor Bridger  |  24/10/2017 17:48

    At 21:30 this evening, official data from the American Petroleum Institute (API) will be released amid forecasts of an oil-stock drop. Which should reach around 2.5 million barrels and mark the fifth consecutive weekly decline.

  • Market Alert: Dollar Steady/Fed Leader Speculation
    By Eleanor Bridger  |  24/10/2017 17:41

    The dollar was trading highs against an array of other major currencies on Tuesday. This comes as President Donald Trump told reporters on Monday that he is “very, very close” to deciding who will lead the Fed.  

  • How are US stocks performing in Q3?
    By Eleanor Bridger  |  17/10/2017 15:35

    Investors are focused on the US earnings season, it’s growth is being driven by tech,energy and financial giants - accounting for more than 70% growth between them.

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