Asian Equities Move to New Highs on ECB Easing

Asian equity markets traded higher on the final trading day of the week, tracking a global rally after the European Central Bank (ECB) unleashed a 1 trillion euro ($1.11 trillion) stimulus package to resuscitate the deflation-hit euro zone.

Overnight, U.S. stocks extended gains into a fourth session, on the back of the ECB’s larger-than-expected easing measures and upbeat quarterly earnings from companies including Southwest Airlines. Both the Dow Jones Industrial Average and S&P 500 gained 1.5 percent, while the Nasdaq piled on 1.8 percent.

In Europe, the pan-European FTSEurofirst 300 closed 1.6 percent higher – its highest closing level since early 2008 – on Thursday, according to Reuters.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.