European shares extend gains on ECB stimulus speculation
LONDON, April 24
LONDON, April 24 (Reuters) - European shares extended gains on Wednesday afternoon, with traders citing mounting speculation about more monetary policy easing from the European Central Bank after comments from its vice president.
The ECB's Vice President Vitor Manuel Ribeiro Constancio said the central bank is looking at what steps it can take to help transmit its interest rates more evenly across the euro zone
"A rate cut is on the cards," said Ronnie Chopra, head of strategy at Tradenext, reacting to Constancio's comments.
The FTSEurofirst 300 index of pan-European shares extended gains to trade 0.6 percent higher at 1,190.72 points.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.