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9/13, 7:54 AM (Source: TeleTrader)
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Europe trades in the green premarket after ECB decision

Stocks in Europe were in in the green on Friday after the decision by the European Central Bank to cut the deposit rate by 10 basis points and reintroduce quantitative easing of €20 billion per month from November. The institution's president Mario Draghi explained the decision was a response to the shortfall in inflation and persistent downside risks. The ECB left rates on the main refinancing operations and the marginal lending facility unchanged.

Investors were also turning their focus on the meeting of European ministers of economy and finance, set to begin around the opening bell.

The DAX climbed 0.19% at 7:51 am CET, as the FTSE 100 added 0.26%. The CAC 40 was up 0.05% at 7:5 am CET.

The euro increased 0.07% against the dollar at 7:53 am CET, buying $1.10712. Meanwhile, the pound gained 0.14%, changing hands for $1.23499.

Breaking the News / NI