Monday, September 15th6.8°C
22190
22285

Stocks open higher after European Central Bank cuts interest rates, pledges more stimulus

U.S. stocks are opening higher after the European Central bank pledged more stimulus to help the region's ailing economy, boosting the outlook for global growth.

The Dow Jones industrial average rose 26 points, or 0.2 per cent, to 17,104 in early trading Thursday. The Standard & Poor's 500 index climbed two points, or 0.1 per cent, to 2,002.

ECB President Mario Draghi said in a press conference that the bank would start purchases of asset-backed securities and covered bonds in October. The bank also cut its benchmark interest rate.

In the U.S., a private survey showed businesses added jobs at a healthy pace in August.

PVH, the owner of Tommy Calvin Klein and Tommy Hilfiger brands, rose $11.25, or 10 per cent, to $128.38 after the company reported earnings that exceeded analysts' expectations.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15531.58-2.74
S&P CDNX987.935.65
DJIA16987.51-61.49
Nasdaq4567.599-24.208
S&P 5001985.54-11.91
CDN Dollar0.9023+0.0005
Gold1235.60+4.10
Oil91.52-0.75
Lumber348.00+3.50
Natural Gas3.936+0.026

 
Okanagan Companies
Pacific Safety0.18-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.300.00
Cantex0.06-0.01
Anavex Life Sciences0.240.00
Metalex Ventures0.065-0.005
Russel Metals36.26+0.14
Copper Mountain Mining2.88+0.12
Colorado Resources0.1650.00
ReliaBrand Inc0.0318-0.0032
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.265-0.01

 





FEATURED Property
1927239227-4205 Gellatly Road
2 bedrooms 2 baths
$445,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...

_



23073

23109


Member of BC Press Council


23123