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

> 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.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/68675-europe-markets-european-stocks-climb-as-ecb-delivers-open-ended-tapering-of
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-09 | [Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder](https://feedsoft.ai/events/45271-euro-inches-higher-ahead-of-ecb-decision-on-bond-buying-markets-business.md) | -0.1% | -2.3% |
| EURUSD | 2018-12-13 | [Euro slips as ECB ends bond purchases](https://feedsoft.ai/events/61763-euro-slips-as-ecb-ends-bond-purchases.md) | +0.5% | +0.3% |
| EURUSD | 2021-10-28 | [Euro drops ahead of ECB meeting, yen looks past BOJ doves - Markets - Business Recorder](https://feedsoft.ai/events/7161-euro-drops-ahead-of-ecb-meeting-yen-looks-past-boj-doves-markets-business.md) | -0.1% | -2.6% |
| EURUSD | 2022-02-04 | [Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder](https://feedsoft.ai/events/9874-euro-climbs-after-ecb-s-ground-breaking-hawkish-turn-markets-business-recorder.md) | +0.5% | -4.5% |
| EURUSD | 2021-10-29 | [Euro's losses deepen as markets take dim view of ECB stance \| Financial Post](https://feedsoft.ai/events/7160-euro-s-losses-deepen-as-markets-take-dim-view-of-ecb-stance-financial-post.md) | -1.2% | -3.6% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/europe-markets-european-stocks-climb-as-ecb-delivers-open-ended-tapering-of-bond-purchases

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.