European stocks on the verge of its biggest weekly gain in a month, based on Draghi's comments

2016-10-21 17:39:15 GMT (

European stocks rose on Friday morning dealings in the last week's sessions, on its way towards its biggest weekly gain in a month, based on Mario Draghi, the ECB governor's remarks, which eliminated the speculation to end monetary stimulus program early.



The Dow Jones Stoxx Europe 600 Index rose by about 0.1 at 10:14 GMT, the index Finished trading yesterday, up by 0.2 percent, in the third daily gain in a row, and the banking sector achieved the biggest gains with a rise in shares of Deutsche Bank by 3.8 percent.



Over the week, the Dow Jones Stoxx Europe index rose 1.3 percent on its way towards the biggest weekly gain in a month, supported by gains of export companies that rely on the weakness of the euro to expand overseas revenues.



The euro fell for the fourth consecutive day against the US dollar, its lowest level in seven months, after Mario Draghi, the ECB governor's remarks yesterday, after the bank's league meeting.



Draghi said that the ECB will extend its bond buying program in March after March 2017 accordance with the developments of the economic situation Europe, he confirmed that the bank will not end the program abruptly, but will let it to the Declaration and the peface.



Futures for the S & P 500 dropped 0.2 percent, and the index closed yesterday's session on Wall Street, down by 0.1 percent, the first loss in three days, after higher prospects of raising US interest rates in December next .



As for the most important European markets indicators euros Stoke 50 index rose 0.1 percent, and France's CAC 40 index fell 0.1 percent, and in Germany the DAX index gained 0.1 percent, and in London FTSE 100 rose 0.2 percent.

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