KONTAN.CO.ID - LONDON. World markets swung between hope and caution on Thursday as a another shot of European Central Bank stimulus was offset by still-troublesome U.S. data and general fatigue after a weeks-long rebound in risk appetites
European equities, oil and euro markets had been lower before the ECB said it would nearly double the size of its Pandemic Emergency Purchase Programme to 1.35 trillion euros, extend it until June 2021 at the earliest and re-invest the proceeds until at least the end of 2022.
This was beyond what most analysts had predicted and came on the heels of a huge domestic support package from Germany . It pushed the euro back above $1.1250 and European stock markets into positive territory, although that proved brief.