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Outcome Of The ECB Meeting Will Have Investors' Attention

ByMayzus
AuthorLiteForex Europe
Published 04/04/2014, 12:57 AM
Updated 03/09/2019, 08:30 AM

Stock markets again pleased the participants of the markets and closed one more trading day with an increase. According to the published figures from the ADP, employment in the United States during last month increased by 191 thousand, which almost reached the expectations of analysts at 195 thousands. Additionally, factory orders in February increased by 1,6%, when 1,2% was expected.

As a result, the Dow Jones Industrial Average increased by 0,24% up to the level of 16573,00 points, the Standard & Poor's 500 index grew by 0,29% and was closed on a level of 1890,90 points, while the index of high-tech companies, Nasdaq Composite, moved up by 0,20% and reached the level of 4276,46 points.

European indices also conducted a positive trading session, continuing their positive trend. The British index, FTSE 100, rose by 0,1%, France's CAC 40 added 0,09%, while Germany's DAX increased by 0,2%. The regional indicator STXE 600, in turn, rose by 0,17% and was closed on the level of 336.93 points.

Today, the attention of investors will be focused on the outcome of the ECB meeting, which, traditionally, is going to be followed by a speech from Mario Draghi. During the last week, analysts were building up confidence that members of the meeting are going to concentrate on the restoration of the peripheral economies, rather than on the weak levels of inflation. Although yesterday, the first doubts about this appeared.

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