ECB rate cut and extension BoE 8217 s QE policy

With another positive start this morning following 2 strong sessions of growth, the FTSE is currently 22 points higher at 5652 and the German Dax […]


Blue avatar for FOREX.com guest contributors
By :  ,  Financial Analyst

The video cannot be shown at the moment. Please try again later.

  • With another positive start this morning following 2 strong sessions of growth, the FTSE is currently 22 points higher at 5652 and the German Dax is 50 points higher at 6535.
  • With traders expecting an ECB rate cut on Thursday and an extension of the Bank of England’s quantitative easing policy the risk is very much on again and the biggest gainers are the miners.
  • Vedanta are the biggest gainer on the FTSE, up close to 5% while Kazakhmys, Rio Tinto, Antofagasta and Fresnillo are all up between 2.5% and 1 ¾% respectively.
  • Morgan Stanley raised the metals and mining sector to “attractive.”
  • We also see Barclays posting 1 ¼% gains after CEO Bob Diamond resigned following the Libor-gate scandal.
  • In the red are Aberdeen Asset Manager, the biggest faller down 2.5% while Kingfisher are 1.75% down as well.
  • With UK construction figures at 9.30am and US Factory orders at 3pm this afternoon, there is plenty to be focussing on.
See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.
Related tags:

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar