ECB decision leads to nervous volatility in US stock exchanges – Financieele Dagblad

It was a volatile day Thursday on the stock exchanges of New York. A day largely dominated by the interest rate decision by the European Central Bank (ECB) .The economic downturn in China and the height of the oil price went there anything less important

Aanvankelijk seemed like US investors the ECB’s decision to lower interest rates all warmly welcomed. ECB President Mario Draghi in Frankfurt announced a major expansion of the stimulus package to boost the economy and inflation.

Banks even get money as they collect money to lend to private parties. The main ECB interest rate, the interest that banks pay when they borrow for more than a day in Frankfurt, even to 0%.

US investors reacted shortly after the opening of the exhibition reasonably positive. Dow Jones index rose 0.25%, the broad-based S & amp; P index 0.32% and technology bellwether NASDAQ posted a profit of 0.52%. The share of Apple pushed the prices of the S & amp; P and the Nasdaq up. Even better than expected jobless claims in the United States ensured that all three indices remain in positive territory. The number of applications for benefits fell last week to the lowest level in five months.

But throughout the day, the US investors were disappointed the announcements Draghi who hinted in a statement at a press conference that further rate cuts are not needed in the future. On European stock markets gains quickly melted away and Wall Street followed later in the day that pattern. As in Europe, prices fell sharply, but shortly before closing followed a miraculous comeback.

The greatest loss (0.26%) booked ultimately technology exchange Nasdaq, with a closing level of 4662.16 points. The Dow Jones yielded a closing level of 16995.13 00,3%, while the S & amp; P index with a final score of 1989.57 points even 0.3% gain posted

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