Monday, 22 July 2019
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European stocks close higher following Draghi speech; Stoxx 600 hits one-month high
Tuesday, 18 June 2019 23:22 WIB | MARKET UPDATE |Indeks Stoxx Europe 600 ECBSahamEropa

European stocks closed sharply higher on Tuesday, after ECB President Mario Draghi suggested in a speech that the central bank will provide more stimulus ” either through new rate cuts or asset purchases ” if inflation does not pick up.

Draghi also defended the tools that the organization has available, saying that its asset purchase program still has considerable headroom.

The pan-European Stoxx 600 recovered from an early drop to end the session 1.8% higher at 384.78, marking a one-month high. All sectors and major bourses were in positive territory, with basic resources leading the gains and surging by almost 3%.

Source : CNBC

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