OctaFX | OctaFX Forex Broker
Open trading account

EU's Dombrovski's: EU ready to activate clause to allow more fiscal support

The European Commission is ready to activate the clause that would allow them to ıntroduce more fiscal stimulus by suspending member states' budget commitments, European Commission Vice President Valdis Dombrovskis said on Friday.

"The EU is not suspending the Stability and Growth Pact but using its flexibility," Dombrovskis added.

Market reaction

The relief rally witnessed in major European equity indexes continues to gather pace. As of writing, the Eurostoxx 50 was up 9.3%, the UK's FTSE 100 and Germany's DAX were adding 7.6% and 7.7%, respectively.

Precious metals: Bearish flip remains weak – TDS

Precious metals with more exposure to industrial demand, and with a smaller beta to monetary policy and safe-haven flow, felt the most pain during the
Read more Previous

AUD/USD confined in a range near 0.6300 mark, stronger USD capping gains

The AUD/USD pair extended its sideways consolidative price and remained confined in a narrow trading band, around the 0.6300 round-figure mark. A comb
Read more Next
Start livechat