World stocks fall as ECB goes no further on QE

Image
Reuters LONDON
Last Updated : Sep 08 2016 | 5:57 PM IST

LONDON (Reuters) - Stocks dipped and the euro gained on Thursday after the European Central Bank kept interest rates on hold and made only its previous broad commitment to run bond-buying for as long as needed, stopping short of a formal extension of quantitative easing.

Germany's DAX dipped 0.4 percent on the day after the bank's statement, pulling pan-European indices of blue chip companies down by around a quarter of a percent on the day.

The euro hit a two-week high of $1.1316 and German government bond yields extended earlier rises, up more than 3 basis points on the day.

(Additional reporting by Jemima Kelly, Dhara Ranasinghe, Anirban Nag and Sudip Kar-Gupta; Editing by Nigel Stephenson)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 08 2016 | 5:42 PM IST

Next Story