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European stocks steady after ECB stimulus boost

Published 13/09/2019, 08:18
© Reuters.  European stocks steady after ECB stimulus boost
DBKGn
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STOXX
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FMCC
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FNMA
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STOXXE
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SXAP
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SXPP
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Sept 13 (Reuters) - European shares were roughly flat in

early trading on Friday, on course for a fourth straight week of

gains after the European Central Bank took strong action on

economic growth and signalled governments should also do more.

ECB chief Mario Draghi pledged indefinite stimulus on

Thursday to revive an ailing euro zone economy, tying the hands

of his successor for years to come as he cut rates deeper into

negative territory. By by 0712 GMT the pan-European STOXX 600 index .STOXX had

fallen just 0.03%, while the euro zone only index .STOXXE was

marginally higher.

Trade-reliant commodity-linked .SXPP and automotive

.SXAP stocks edged up after U.S. President Donald Trump said

he could consider an interim trade deal with China ahead of

high-level negotiations in October. In corporate news, Deutsche Bank AG DBKGn.DE rose 1.5%

after becoming the first of 16 financial services companies to

resolve claims that it conspired to rig prices of bonds issued

by Fannie Mae FNMA.PK and Freddie Mac FMCC.PK .

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