Stock markets in Europe were mixed on Friday

Stock markets in Europe were mixed on Friday

By: Darryl Frankfort | Where To Trade | On:Friday, 9 December 2016
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 The EUR/USD pair was holding its position at 1.0613 on Friday.
The pair hit lows of 1.0588 during the night after  the European Central Bank's declaration on extending its asset purchase program for nine more months. 

The European Central Bank 's assets purchase program was scheduled to end in March of 2017, but it will continue until the end of 2017, or, if necessary, beyond the given time.

More than that, the European Central Bank left its interest rate unchanged, to zero. The results were in line with the forecasts. 
The U.S. dollar index was steady at 101.15.

Meanwhile, the European markets opened mixed and confused on Friday, after initially hitting high due to ECB's decision to extend its stimulus program.

Investors are looking ahead for the Federal Reserve's policy meeting scheduled next week, even though a rate hike is more plausible.

DAX in Germany went down by 0.11%, , FTSE 100 in London went up 0.12%, FTSE MIB in Italy went down 1.06%, and CAC 40 in France added 0.27%. 

 

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