Markets rally as ECB starts bond buying programme

clock

Markets across Europe have rallied this morning following confirmation the European Central Bank (ECB) has started buying covered bonds.

The central bank is purchasing asset-backed securities as it takes new steps to tackle the looming threat of deflation in the eurozone. The beginning of further easing in Europe - to go alongside record low interest rates - was given further weight by a Reuters report suggesting the ECB could begin buying corporate bonds later this year. That sparked buying across markets today as investors returned to stocks that have sold off for much of October. The UK's FTSE 100 was up 1% at 6,330, while France's CAC 40 was 2% firmer, and Germany's DAX climbed 1.7%. All major markets across ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Bank of England commits to economic forecasting overhaul following Bernanke review

Bank of England commits to economic forecasting overhaul following Bernanke review

'Substantial' upgrade programme

Valeria Martinez
clock 12 April 2024 • 2 min read
Ben Bernanke urges Bank of England to upgrade 'out of date' forecasting infrastructure

Ben Bernanke urges Bank of England to upgrade 'out of date' forecasting infrastructure

Publication of ‘alternative scenarios’

Valeria Martinez
clock 12 April 2024 • 3 min read
IMF managing director warns central banks to 'resist' calls for early rate cuts

IMF managing director warns central banks to 'resist' calls for early rate cuts

Banks on ‘final stretch’ of inflation battle

Eve Maddock-Jones
clock 12 April 2024 • 2 min read
Trustpilot