European stock markets for high waiting for the ECB’s stimulus program – Digital Journal

European stock markets for high waiting for the ECB's stimulus program – Digital Journal

The markets live a ‘key week’, pending today’s meeting of the ECB in Frankfurt and the elections in Greece on Sunday.

At about 9:30 today in Lisbon, the EuroStoxx 50 index, which represents the leading companies in the euro zone, was up 0.32% to 3280.12 points.

The London stock exchanges, Paris and Frankfurt were high, rising 0.32% 0.33% and 0.12%, respectively. Similarly, the bags of Madrid and Milan were gaining 0.95% and 0.77%, respectively.

After opening with gains, the Lisbon Stock Exchange maintained the trend and, at about 09 30 the main index, the PSI 20, was to value up 0.54% to 5179.29 points

In New York, Wall Street finished sharply higher on Wednesday, with the Dow Jones. rising 0.22% to 17,554.28 points, after rising to 26 December up to 18053.71 points, the current maximum ever since it was established 128 years ago.

At the exchange rate level The euro opened today in downtown at Frankfurt foreign exchange market, the quote to $ 1.1572 against $ 1.1583 on Wednesday closing.

The European Central Bank (ECB) set on Wednesday the reference exchange European currency in $ 1.1593.

The markets have been speculating for days about the terms of the massive sovereign debt purchase program that the ECB will announce today, after being filtered on Wednesday that the ECB will buy sovereign debt securities of euro area by 50,000 million euros per month for a period of at least one year.

Until Wednesday , analysts predicted that the total amount of the program stand at 500,000 million euros, but the information available filtered now go up that amount to 600,000 million euros.

The other session references, namely the rate of unemployment in Spain last year, the discussions in the Davos World Economic Forum or the data of the oil reserves of the United States, recede into the background.

However, in addition to Sunday’s elections in Greece, markets remain attentive to the weakness of the euro and the continuing oil price fall.

Greece holds an election on Sunday which may depend on the future of the European Union (EU).

Analysts stress that the ECB announcement effect may be canceled for fear of a victory for Syriza in Sunday’s elections in Greece, since that Greek party advocates a part of debt relief for Greece in the hands of the euro-zone countries, although however has expressed the intention to maintain and to negotiate with European partners.

The Brent barrel of oil for March delivery opened in fall slightly, to quote to $ 48.99 on the Intercontinental Exchange Futures (ICE) in London, less than 0.08% at the close of the previous session

Digital Money with Lusa

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