Selloff or Market Correction? Either Way, Here's What to Do Next!See Overvalued Stocks

European stock index futures bounce on Fed's bond buying plan

Published 16/06/2020, 07:06
European stock index futures bounce on Fed's bond buying plan
US500
-
DE30
-
UK100
-
EU50
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
June 16 (Reuters) - European stock index futures joined a
global rally on Tuesday, ahead of the U.S. Federal Reserve's
plan to kick off its corporate bond buying programme in an
attempt to contain the economic damage from the COVID-19
pandemic.
The Fed is set to start purchasing corporate bonds on
Tuesday through the secondary market corporate credit facility
(SMCCF), one of several emergency facilities recently launched
by the U.S. central bank to shore up liquidity. Euro Stoxx 50 futures STXEc1 surged 2.5%, recovering from
a slump in the past week that was fuelled by concerns of another
wave of global coronavirus infections. German DAX futures
FDXc1 were up 2.7%, while FTSE 100 futures FFIc1 gained
2.2%.
S&P 500 futures EScv1 also added 1.1%, looking set to
extend gains for the benchmark S&P 500 index .SPX for a third
straight day. MKTS/GLOB

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.