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Markets react to ECB bazooka

by ace
Markets react to ECB bazooka

Equity markets do not yet seem impressed with the bazooka that the European Central Bank announced on Wednesday night.

After announcing the program to buy public and private sector assets, worth 750 billion euros, aimed at stimulating the economies severely affected by covid-19, Christine Lagarde said that "there are no limits" for the intervention of the authority Eurozone monetary policy.

Even so, in Asia the session was mostly downward and futures point to an opening only slightly up on European stock exchanges. Wall Street, which fell about 5% yesterday, is expected to decline again, as S&P futures are falling more than 2%.

In Asia, Japanese Topix rose 1% and in Hong Kong Hang Seng fell 2%. Australia's S & P / ASX 200 dropped 3.4% and South Korean Kospi sank 8.4%.

These are the prices and closing variations of the indices:

STOXX 50 2255.05 -120.00 -5.07%
DAX 30 8076.00 -421.00 -4.96%
FTSE 100 4880.10 -214.00 -4.20%
Dow 19020.00 -820.00 -3.98%
S&P 500 2298.00 -100.30 -3.89%
Nasdaq 100 6941.25 -249.75 -3.29%
Futures (At 0438 TMG)
 
Nikkei 16372.29 -354.26 -2.12%
Hang Seng 21344.93 -946.89 -4.25%
Shanghai 2670.37 -58.39 -2.14%
Xenzhen A 1730.33 -25.59 -1.46%
Prices (At 0425 TMG)
 
Dow 19898.92 -1338.46 -6.30%
Nasdaq 6989.84 -344.94 -4.70%
S&P 500 2398.10 -131.09 -5.18%
FTSE 100 5080.58 -214.32 -4.05%
FTSE 250 13008.19 -916.69 -6.58%
DAX 30 8441.71 -497.39 -5.56%
CAC40 3754.84 -236.94 -5.94%
STOXX 600 279.66 -11.41 -3.92%
STOXX 50 2385.82 -144.68 -5.72%
            

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