Stock Market Investors Take Profits As ECB Boosts Firepower
June 4, 2020
A rally in global stock markets petered out Thursday but resolute action from the European Central Bank to fight the coronavirus fallout put a floor under losses from investors cashing in on recent gains.
The euro rose and southern European bond yields slipped after the ECB added another 600 billion euros ($675 billion) to its already gigantic stimulus war chest, and said it would continue its pandemic bond-buying for another year at least.