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Aichi BMO International Comments on European Markets

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European stocks rallied ahead ending the week on a high with the help of positive data from the US job report that was published on Friday, commented Aichi BMO International.

HONG KONG /PRNewswire/ — European markets have had a positive rally after the “European Central Bank” (ECB) president, Mario Draghi commented “no longer that sense of urgency” in regards to more measures to increase deflation that would potentially effect the Eurozone members.

The positive interpretation from the head of the European central bank gave clear indication towards the road of recovery in respects to ‘inflation’ and that their main focus was switched to employment and wage growth.

Head of Corporate Trading, Mr. Michael Bridges at Aichi BMO International commented “Draghi’s last statement should give investors confidence, we saw a more bullish speech than before as they expect to announce a tapering plan towards the end of the year”.

With more and more uncertainty from the United Kingdom; Prime Minster Theresa May has given her word that the UK will start to hold talks on its swift departure from the European Union.

Andrew Foster who is the Director of Corporate Equities at Aichi BMO International highlighted “There is no direct answer, the confusion and frustration displayed by the UK on its want for a fast departure from its European counterparts. The fall in its currency tied alongside its for ever growing doubt has bolstered mainland Europe to help it strive towards new highs”

About Aichi BMO International: Aichi BMO International is a valuable partner with the main objective of efficiently managing your financial resources. We are headquartered in Tokyo, Japan, with our retail operation based in Toronto, Canada. Founded in 2003, we have been dealing with the financial markets for over 13 years, managing more than $9 billion (USD) in assets under management – a responsibility that we carry out with every due care and professionalism.

Media Contact: Mr Okubo Matsu, Research Director, Aichi BMO International (ABMOI), +1 647 243 8020, okubo.matsu@ai-international.com

Source: Aichi BMO International

Written by asiafreshnews

March 15, 2017 at 12:51 pm

Posted in Uncategorized

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