The ECB speech did not impressed the stock market

09.09.2016

At the end of yesterday's trading, European stock indexes fell after the head of the European Central Bank (ECB), Mario Draghi said that the expansion of the asset purchase program was not considered during the meeting held in Thursday, reports MarketWatch.

The composite index of the largest companies in the region Stoxx Europe 600 fell 0.33% to 349.32 points.

The German DAX decreased by 0.72% and the French CAC 40 by 0.34%. At the same time, the British FTSE 100 gained 0.18%.

The ECB‘s quantitative easing program (QE) the will last at least until the end of March 2017, and if necessary, longer said Draghi. In any case, it will be saved to the sustainable return of inflation in the Eurozone to the target level of 2% per year, he said. At the same time, the key interest rates will remain at current or lower level for a long time, long after the end of QE.

European markets have increased after the fall of the ECB's decision not to change the QE parameters, but at the end of the trading session, investor sentiment were supported by an increase of oil prices on data the fall in US inventories at the end of last week to record figures since 1999.

The market value of BP Plc (LON: BP) has increased over the day by 0.9% and Royal Dutch Shell Plc - by 1%.

Shares of Thomas Cook Group Plc soared 6.1% after the British tour operator has announced the expansion of business in China.

The price of Zoopla Property Group increased by 1% after a British real estate site gave a forecast that its annual profit would be closer to the upper boundary of the forecast.

The capitalization of another British company, Micro Focus International, rose 14.7%. The US Hewlett-Packard Enterprise announced its intention to provide non-core operations in the field of software production and combine them with the assets of Micro Focus in a deal worth $ 8.8 billion.

In addition, an ascendant move was noted on the quotes of British airlines as IAG SA (4%) and easyJet Plc (LON: EZJ) (3.7%).

Meanwhile, the price of share price of semiconductors manufacturer, ASML Holding, fell 1.9%. It is reported that the Korean Samsung Electronics plans to sell half of its stake in the Dutch company.

Quotes securities of Rocket Internet decreased by 4.4%. 

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