Sabato, 22 Settembre 2018

Stocks rise on ECB chief's cautious optimism for recovery


Milan, September 5 - European stock markets edged
upward on Thursday after the European Central Bank chief
expressed cautious optimism on European economic prospects and
the ECB decided to keep its 0.5% interest rate unchanged.
European stocks rose 0.6% on average, while the Milan
bourse FTSE MIB gained a full percentage point.
The ECB has improved its outlook for the European economy.
The ECB now expects the eurozone area to contract 0.4% in
2013 in contrast to its previous forecast of a 0.6% contraction.
The single-currency block finally showed tentative signs of
economic recovery in the second quarter, growing 0.3%.
ECB President Mario Draghi said, ''I am very, very cautious
about the recovery. I can't share enthusiasm. It is just the
beginning. Let's see, these shoots are still very, very green''.
Draghi expressed particular worry about ''geopolitical
risks'' that could result from ''the situation in Syria''.

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