European exchanges closed higher in anticipation of ECB meeting

European exchanges closed higher in anticipation of ECB meeting


The British index FTSE 100 has grown to 6348,42 points, German DAX 30 – up to 10238,10 points, French CAC 40 – up to 4695,10 paragraph amid investor expectations the European Central Bank meeting.

MOSCOW, 21 Oct. Major stock indexes in Europe at the close of trading on Wednesday showed growth against the background of investors ‘ expectations the European Central Bank (ECB), according to AFP.

At the end of trading the British FTSE 100 gained 0.05% to 6348,42 points, German DAX 30 — on 0,89%, to 10238,10 points, French CAC 40 — on 0,46%, to 4695,10 item.

The decline in oil prices has resulted in deflation in the Eurozone last month. Some investors feel that due to the recent statistical data on the dynamics of prices, the ECB eventually may decide to expand or extend its programme of asset purchases. The next meeting of the European regulator will be held on October 22.

However, other investors, citing published earlier this week quarterly credit data the ECB that the fed will not announce changes in his program. According to credit standards of banks in the Euro zone has softened significantly over the past few months, despite the global market volatility. This reduces the need of the regulator in the extension of the QE program.