EUROPEAN CENTRAL BANK
European Central Bank hands out 1.3 trillion euros in loans
The credit offer takes its place alongside the bank's pandemic bond purchase program.
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E-mini futures for the U.S. S&P 500 were up 0.2% in early Wednesday trade, extending the gains so far this week to 1.4%.
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ECB can deviate from countries' bond-buying quotas as needed
The whole point of having flexibility is that you can deviate from the capital key
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The initial round of purchases included some 86 issuers, about half of them contractually settled as of June 18 and some still underway, all bought on the secondary market.
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Dollar records small weekly gain on safe-haven demand
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European shares boosted by upbeat earnings, gains in Total
EUROPE-STOCKS/ (URGENT)European shares boosted by upbeat earnings, gains in Total
European Central Bank deploys stimulus to ease virus damage
The money is newly created and injected into the financial system. It comes on top of purchases worth 20 billion euros a month it is already carrying out, and would be aimed at corporate bonds, which should help keep credit available to companies. The ECB is also providing additional cheap, long-term loans to banks to make sure they have the liquidity they need.
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