European stocks up, new US records as ECB extends stimulus

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(iStock)
(iStock)

New York - European stock markets rose on Thursday and US stocks hit new records after the European Central Bank extended its massive stimulus program beyond March.

The euro initially strengthened on news the ECB plans to slow the pace of bond purchases beginning in April 2017. But the single currency swooned once the market focused on dovish aspects of the announcement, including the extension of the program until December 2017.

Frankfurt shares jumped 1.9%,  Paris climbed 0.9% and London 0.4%.

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Rand - Dollar
14.13
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
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