Stock indexes rose
European stocks were higher on Friday, January 17, after comments of European Central Bank governing council member Jens Weidmann and remarks of Federal Reserve Chairman Ben Bernanke. It is reported by Bloomberg.
British Stock Exchange Index (FTSE 100) rose by 0.20%;
The German stock index (DAX) rose 0.26%;
French Stock Index (CAC 40) grew by 0.19%;
Spain's key stock index (IBEX) increased by 0.10%;
Italy's stock index (FTSE MIB) increased by 0.47%.
ECB governing council member Weidmann played down fears over the threat of deflation in the currency bloc. The comments came as data confirmed the annual rate of consumer inflation remained well below the ECB’s 2% target.
Meanwhile, Fed Chairman Ben Bernanke said the central bank should be giving the economy the stimulus it needs despite worries that quantitative easing may destabilize the financial system.
