European shares leap as ECB keeps up monetary support programme

jueves 22 de octubre de 2015 12:28 GYT
 

(Updates prices)

* ECB to re-examine monetary support measures in December

* FTSEurofirst 300 up 2.1 pct, ESTOXX 50 up 2.5 pct

* Publicis slumps after growth target cut

By Sudip Kar-Gupta

LONDON, Oct 22 (Reuters) - European stocks rallied on Thursday after the European Central Bank decided to stick with its monetary support programme and reassess in December whether further measures might be needed.

The pan-European FTSEurofirst 300 index ended up 2.1 percent, while the euro zone's blue-chip Euro STOXX 50 index climbed 2.5 percent.

The ECB kept interest rates unchanged at a record low. It also left the key parameters of its quantitative easing (QE) scheme unchanged but said it would re-examine the policy at its meeting in December.

ECB chief Mario Draghi said falling inflation expectations, driven in part by lower-than-expected demand for oil, had led it to consider a wide variety of possible measures, including a deposit rate cut, to shore up inflation.   Continuación...