Reuters logo
Euro rises, Bunds fall after ECB keeps rates on hold
March 6, 2014 / 12:50 PM / 4 years ago

Euro rises, Bunds fall after ECB keeps rates on hold

LONDON, March 6 (Reuters) - The euro rose, stocks trimmed gains while German bund futures fell after the European Central Bank kept rates on hold, wrong-footing some investors who were expecting a move in the face of falling price pressures.

The euro rose to a sesion high of $1.3778 after the ECB announcement from around $1.3750 beforehand.

German Bund futures fell to a day’s low of 142.17, having traded around 142.37 just before the decision. Euribor futures also fell slightly across the December 2014-2017 strip, reflecting markets were still expecting looser monetary policy later in the year.

The FTSEurofirst 300 index of pan-European shares slightly trimmed gains after the announcement and was trading 0.3 percent higher at 1,348.20 points.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below