Monday, April 20th21.7°C
25631
25870

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

24637


Recent Trending




Today's Market
S&P TSX15412.60+52.05
S&P CDNX703.65+0.80
DJIA18034.93+208.63
Nasdaq4994.60+62.79
S&P 5002100.40+19.22
CDN Dollar0.8165-0.0012
Gold1193.20-0.30
Oil56.14-0.24
Lumber247.70-0.70
Natural Gas2.543+0.007

 
Okanagan Companies
Pacific Safety0.115-0.005
Knighthawk0.010.00
QHR Technologies Inc1.42+0.02
Cantex0.035+0.005
Anavex Life Sciences0.385+0.055
Metalex Ventures0.085+0.010
Russel Metals27.42-0.06
Copper Mountain Mining1.10-0.03
Colorado Resources0.11+0.01
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04+0.00
Mission Ready Services0.185+0.010
Decisive Dividend Corporation1.80+0.15

 



25925

FEATURED Property
1885299128 Sunset Ridge road
$20,800
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_



25922

25221


Member of BC Press Council


25541