◂ Event Timeline

Oct 26, 2017MACROEurope

EUROPE MARKETS: European Stocks Climb As ECB Delivers Open-ended Tapering Of Bond Purchases

European stocks rose after the ECB said it would halve monthly bond purchases to €30 billion from January and extend the programme to at least September 2018. The Stoxx Europe 600 gained about 1%, with Spain's IBEX 35 up 2.4% ahead of the announcement.

WHY IT MATTERS

Stronger equity sentiment reflects an accommodative but tapering ECB, which has limited direct effect on feed commodity prices beyond currency moves.

AFFECTSEuro (USD per EUR)

SOURCE
foxbusiness.comCarla Mozee, MarketWatchOct 26, 2017

Price reaction & history

Euro (USD per EUR)no directional readSO FAR1d -0.9%5d -1.6%20d +1.1%

After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% over 20.

Sep 9, 2021Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder-0.1%
Dec 13, 2018Euro slips as ECB ends bond purchases+0.5%
Oct 28, 2021Euro drops ahead of ECB meeting, yen looks past BOJ doves - Markets - Business Recorder-0.1%
Feb 4, 2022Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder+0.5%
Oct 29, 2021Euro's losses deepen as markets take dim view of ECB stance | Financial Post-1.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Euro (USD per EUR) EURUSD · GP ▸

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