ROME: European stocks increased at the start of trading to open week on hopes the ECB predict will declare new stimulus measures.
London’s FTSE 100 index climbed 0.12 per cent to 6,557.83 points compared with Friday’s close.
Frankfurt’s DAX 30 grew 0.63 per cent to 10,231.58 points and the CAC 40 in Paris gained 0.21 per cent in value to 4,388.67.
Stock indices had rallied on Friday on fresh signals the European Central Bank will launch a bond-buying stimulus program this week, news that has weighed heavily on the euro.
The chronically low level of inflation across the single currency bloc has fuelled concern the region could slip into deflation – a sustained and widespread drop in prices. Britain, which is not part of the eurozone, also risks falling into deflation later this year.
While falling prices may sound good for consumers, deflation can trigger a vicious spiral in which businesses and households delay purchases, throttling demand and causing companies to lay off workers.
Such concerns have fuelled speculation the ECB could launch a program of sovereign bond purchases known as quantitative easing or QE when it holds its first policy meeting of the year on Thursday.
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