According to “fxstreet” in its press release, “the pan-European Euro Stoxx 600 index advanced almost 1% to trade around 363.60 levels. The gains were triggered by a rally in the industrial group stocks and technology stocks.” However, “mining stocks suffered losses lingering concerns regarding China” according to the said site.
With this, both current and future investors are expecting the European Central Bank (ECB) to announce more quantitative easing (QE) and/or rate cut in their meeting tomorrow. This could provide a great opportunity for current and future investors to acquire more capital and increase the money supply of the state.
Also today, the weak Japanese export figures implicate further slowing down of global demand in the market, in which, trade investors build up a strong expectation that the ECB will enhance its quantitative easing program to help aid deflation.