Stock Trading News :- Indian
shares will likely open in the red after the European Central Bank (ECB)
announced a rate cut and an expanded QE program but after comments from ECB
chief dimmed hopes of further stimulus ahead.
The SGX Nifty in Singapore is down and is trading 4 points lower at 7484 at around 7:30 am.Overnight, Wall Street closed flight while European stocks gave up early gains to trade lower after markets were left unenthused by the ECB announcement. At a press conference following the ECB policy meet, Mario Draghi said, "From today's perspective and taking into account the support of our measures to growth and inflation, we don't anticipate that it will be necessary to reduce rates further."
The SGX Nifty in Singapore is down and is trading 4 points lower at 7484 at around 7:30 am.Overnight, Wall Street closed flight while European stocks gave up early gains to trade lower after markets were left unenthused by the ECB announcement. At a press conference following the ECB policy meet, Mario Draghi said, "From today's perspective and taking into account the support of our measures to growth and inflation, we don't anticipate that it will be necessary to reduce rates further."
Asian markets are trading mixed at this point; Nikkei is down 0.89 percent from yesterday’s close while KOSPI and Hang Seng are trading in green.
The US dollar fell against the euro after the common currency strengthened following Draghi's comments and Nasdaq closed in red with a 12.22 point fall.
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