The announcement of the ECB actions pushed European shares as much as three% larger

  • The ECB introduced at the moment a broad package deal of additional stimulus measures: repo & depo fee minimize, decrease fee on the marginal lending facility, extra & broader asset purchases and a collection of latest TLTRO’s.

  • The announcement of the ECB actions pushed European shares as much as three% greater, however good points have been quickly reversed. At present, most European indices achieve roughly 1%. US Equities opened barely greater because the decrease oil worth overshadows daring ECB motion.

  • Progress in Eire picked up on the finish of final yr, to 2.7% Q/Q and 9.2% Y/Y, because of strengthening private consumption and exports, whereas progress in capital formation slowed considerably.

  • Crude oil costs reversed their features, with Brent falling again under $ 40/barrel after sources stated OPEC and non‐ OPEC members are unlikely to satisfy on March 20 as Iran is but to say whether or not it might take part in such a deal.

  • US preliminary jobless claims dropped final week by 18 000 to 259 000, the bottom degree since October final yr, and properly under the market consensus of 275 000.

  • Finland’s parliament will debate within the coming weeks whether or not the nation ought to give up the euro, a parliamentary secretary stated immediately, following a petition on the difficulty signed by greater than the required 50 000 residents.

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