Global markets fend off bear attack with end of week rebound

katrina Baugh
clock • 2 min read

Equity markets across the globe have staged a come-back after falling into a bear market earlier this week, boosted by hopes of further stimulus measures from the ECB and a 6% rise in oil prices.

The rebound was driven by yesterday's comments by European Central Bank president Mario Draghi that it would "review and possibly reconsider" its monetary policy stance at the organisation's next meeting. Markets took this as a hint the bank could boost its quantitative easing programme as early as March. Shares received a boost as brent crude prices jumped 6%, from lows below $28 to $29.54. The rise came after the chairman of Saudi Arabia's state oil company told the World Economic Forum in Davos the recent fall in oil prices to below $30 a barrel was "irrational" and prices should r...

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 Global

Investment Week launches Geographical Equities Conference 2024

Investment Week launches Geographical Equities Conference 2024

Allianz Global Investors, Downing, EdenTree and Royal London Asset Management among speakers

Investment Week
clock 15 January 2024 • 2 min read
Moody's downgrades China sovereign credit outlook to negative

Moody's downgrades China sovereign credit outlook to negative

Retains A1 rating

Elliot Gulliver-Needham
clock 05 December 2023 • 2 min read
ECB warns high rates are pushing economy towards fragility

ECB warns high rates are pushing economy towards fragility

‘Early signs of stress’ in banks

Elliot Gulliver-Needham
clock 22 November 2023 • 2 min read
Trustpilot