HomeMarket NewsEuropean stocks up after Draghi's views send euro to 7-mth lows

European stocks up after Draghi's views send euro to 7-mth lows

The dollar index was a beneficiary of the euro's slide which occurred in reaction to ECB President Mario Draghi's refusal to given any legs to recent speculation policymakers may opt to begin tapering of the bank's 1.7 trillion-euro asset purchase program in the near-term.

Profile imageBy CNBCTV18October 21, 2016, 12:44:48 PM IST IST (Published)
European stocks up after Draghi's views send euro to 7-mth lows

European stocks opened higher on Friday after the European Central Bank (ECB) quashed talk regarding its future monetary policy, sending the euro to its lowest point since March and dampening risk appetite.




The pan-European STOXX 600 was up 0.17 percent.






The dollar index was a beneficiary of the euro's slide which occurred in reaction to ECB President Mario Draghi's refusal to given any legs to recent speculation policymakers may opt to begin tapering of the bank's 1.7 trillion-euro asset purchase program in the near-term.


Draghi made clear that all decisions would be deferred to the ECB's December 8 meeting.


Oil and gold moved lower seemingly on profit-taking linked to the dollar edging higher.


European investors looking ahead to results out of Germany's Daimler and SAP before a batch of US companies report today, including General Electric, Honeywell and McDonalds.



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