Tuesday, 25 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow opens higher, set for longest win streak in a year as ECB launches major stimulus package
Thursday, 12 September 2019 21:04 WIB | MARKET UPDATE |Saham ASIndesk S&P 500

U.S. stocks opened modestly higher Thursday morning as market bulls appeared emboldened by easy-money policies enacted by the European Central and hope that it could influence the Fed.

The European Central Bank cut its deposit rate from negative 0.4% to negative 0.5%, while announcing it would begin open-ended purchasing of long-term government bonds at a pace of €20 billion a month in an effort to further reduce long-term interest rates, in a bid to boost the sluggish eurozone economy. The central bank said rates would remain at 'present or lower levels' until the inflation outlook 'robustly' converges with its target of just below 2%.

The Dow Jones Industrial Average rose 66 points, or 0.3%, at 27,207, while the S&P 500 index advanced 0.4% to 3,011 and the Nasdaq Composite Index rose 0.6% to 8,217. All three benchmarks stand within shouting distance of all-time records as investors bet that the ECB's move will influence the Federal Reserve, which gathers next week to decide on domestic monetary policy. Stocks had been headed higher before the ECB moves, after President Donald Trump said tariff hikes-from 25% to 30%-that were scheduled to take effect Oct. 1 will now go into effect Oct. 15.

Source: marketwatch

RELATED NEWS
Dow Set to Rise More Than 200 Points Following Its Worst Drop in 2 Years...
Tuesday, 25 February 2020 16:24 WIB

U.S. stock index futures were higher Tuesday morning, following the market™s worst decline in two years on coronavirus. As of 3 a.m. ET, Dow futures rose 187 points, indicating an implied open of m...

Hong Kong Stocks Finish With Gains...
Tuesday, 25 February 2020 15:41 WIB

Hong Kong stocks snapped a three-day losing streak Tuesday to end with a small gain on bargain buying, but investors remain on edge over fears of a coronavirus pandemic. The Hang Seng Index rose 0.3 ...

European Stocks Open Higher Despite Italy Virus Fears...
Tuesday, 25 February 2020 15:27 WIB

European markets opened in positive territory on Tuesday, despite widespread concerns over the spread of the coronavirus in Italy. The pan-European Stoxx 600 climbed 0.7% in early trade a 414.68, tec...

Tokyo shares close down more than 3.3% on virus fears...
Tuesday, 25 February 2020 13:21 WIB

Tokyo shares dropped more than 3.3 percent on Tuesday, tracking falls on global markets as fears mount that the new coronavirus outbreak will derail economic growth. The benchmark Nikkei 225 index sa...

Saham Hong Kong sedikit turun menuju sesi break...
Tuesday, 25 February 2020 12:06 WIB

Saham-saham di Hong Kong turun pada Selasa pagi di tengah kekhawatiran mengenai dampak virus corona pada ekonomi global, meskipun kerugian ditangguhkan oleh aksi bargain-buying pasca penurunan tiga ha...

LATEST NEWS
Dow Set to Rise More Than 200 Points Following Its Worst Drop in 2 Years

U.S. stock index futures were higher Tuesday morning, following the market™s worst decline in two years on coronavirus. As of 3 a.m. ET, Dow futures rose 187 points, indicating an implied open of more than 207 points. Futures on the S&P and...

USD/JPY Surrenders Modest Recovery Gains, Fails To Find Acceptance Above 111.00 Mark

The USD/JPY pair failed to preserve its early modest recovery gains and has now dropped back to the lower end of its daily trading range, around the 110.65-60 region. The pair gained some initial traction during the Asian session on Tuesday and...

Gold Sags as Investors Choose Risk Again After Virus-Driven Jump

Gold took a step back from its blistering rally driven by the coronavirus crisis even as more companies issued cautions about the outlook, bets accumulated on the prospects for U.S. interest rate cuts over 2020, and further signs of...

POPULAR NEWS
Gold futures climb by nearly 2% to highest finish since Feb. 2013
Tuesday, 25 February 2020 01:55 WIB

Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further...

Gold price rally has revived demand for call options, risk reversals show
Monday, 24 February 2020 11:05 WIB

Gold's recent rally has bolstered bullish expectations and revived demand for call options, which gives the holder a right but not the obligation to...

Gold Jumps Over 2% as Virus Spread Spurs Safe-Haven Demand
Monday, 24 February 2020 19:17 WIB

Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China...

Europe stocks sink on fears coronavirus is spreading in Italy; airlines lead losses
Tuesday, 25 February 2020 00:08 WIB

European stocks closed sharply lower Monday as investors monitored the continuing spread of the coronavirus beyond China. The pan-European Stoxx...