What Really Happened at the ECB Conference?

[kreslik.news]

Stocks went up and the euro significantly fluctuated after the ECB announced new stimulus actions to increase inflation in the eurozone.

The Dow Jones Industrial Average grew by 0.2%, the S&P 500 index increased by 0.2% and the Nasdaq Composite went 0.4% up.

The Stoxx Europe 600 has recently grown by 0.2% while the euro went up 0.6% against the U.S. dollar and is currently at $1.1059.

The ECB announced its last stimulus measures this week, decreasing all three interest rates and broadening asset-buying to enhance the economy and preclude a low inflation rate.

It reduced its inflation targets for this year but also ... (read more)