European shares jumped on Friday to a five-month high, extending gains for a second straight session as the ECB extended its monetary stimulus program to meet growth and inflation targets. Exporters made the biggest gains as the single currency fell broadly against most currencies Global.
The Dow Jones Stoxx Europe 600 rose 0.5% by 10:55 GMT, its highest level since May, and ended yesterday's session up 1.1%, with most sectors climbing after the ECB's decision and Mario Draghi's comments.
The European Central Bank has decided to extend its "stimulus to the economy" bond purchase program by another nine months until September 2018, the bank said. It will start reducing the monthly program by half to 30 billion euros from January, the bank said. For new time periods.
European Central Bank chief Mario Draghi said there was still a need for continued monetary stimulus, especially as the inflation path showed no sign of continued strength.
Exporters were the main gainers among all companies on European market indices, especially as the single currency fell broadly against a basket of world currencies, and the currency fell to a three-month low against the US dollar at $ 1.1620.
The Euro Stoke 50 index rose 0.6%. In France, the CAC 40 index rose 0.7%. In London, the FTSE 100 added 0.3%. In Germany, the DAX rose by 0.7%, reaching a new record high of 13,249.03 points.