The Draghi effect: AEX for the first time in years above 450 points – nrc.nl

The Draghi effect: AEX for the first time in years above 450 points – nrc.nl

The bronze bull, a symbol of a rising market, in front of the Amsterdam stock exchange. Photo ANP / Evert Elzinga

Economy

The AEX today continues to benefit from the decision of the ECB to cut funding to continue in the coming year and a half open. The Amsterdam stock market index for the first time since June 2008 reached a position above the 450 points.

The AEX opened 1.1 percent higher compared to yesterday’s closing price on a stand of 452.50 points. The index has since fluctuated around that position. In the other European countries will the scholarships be much better

The European Central Bank decided yesterday anyway

1.140 billion in the economy pumps:. EUR 60 billion per month, at least until September next years. The amount largely goes to buying up government bonds

The interest rates on the government bonds -. Which were already very low – Friday went down further. Interest on Dutch loans for ten years dropped to the record low level of 0.45 percent. The comparable German rate reached 0.37 percent also a record low. French ten-year bonds offer only a return of 0.5 percent, while the Spanish and Italian yields have fallen to 1.3 and 1.5 percent.

The exchange rate of the euro fell in the morning even further down versus the dollar. For euro must now be filed approximately 1,126, the lowest level since September 2003. During the spring of 2014 recorded the single currency still at nearly $ 1.40.

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