LONDON, Sept 3 (Reuters) - The euro zone zone's stock and
bonds rallied on Tuesday following a Reuters report that ECB
policymakers are leaning towards a stimulus package that
includes an interest rate cut and a beefed-up pledge to keep
rates low for longer.
Many also favour restarting asset buys, a significantly more
powerful weapon, but opposition from some northern European
countries is complicating this issue, sources familiar with the
European Central Bank discussions said. Accordung to the report, the ECB could also introduce
compensation for banks over the side-effects of negative rates.
Southern euro zone bond prices rose after the report,
pushing the yield on Italy's 10-year bond to a new record low of
0.87% IT10YT=RR .
The Euro STOXX .STOXXE index jumped briefly, cutting some
losses, mainly due to a sharp spike in shares of Italian banks.
The Italian banking index .FTIT8300 turned positive, rising
0.6% as of 1341 GMT.
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Euro zone bonds, stocks rally on report of ECB stimulus package
Published 09/03/2019, 09:47 PM
Updated 09/03/2019, 09:50 PM
Euro zone bonds, stocks rally on report of ECB stimulus package
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