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Stock indices closed higher on comments by the European Central Bank President Mario Draghi. He said at a press conference today that the central will add further unconventional measures stimulus measures, if needed. Draghi reiterated that the ECB is willing to expand its balance sheet towards the levels of early 2012.
Draghi noted that unemployment and geopolitical situation weighed on the Eurozone's economic recovery. He noted that growth momentum in the Eurozone slowed since the summer.
The ECB released its interest decision today. The central bank kept its interest rate unchanged at 0.05%.
Germany's adjusted factory orders rose 0.2% in September, missing expectations for a 2.2% increase, after a 4.2% drop in August. August's figure was revised up from a 5.7% fall.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,551.15 +12.01 +0.18%
DAX 9,377.41 +61.93 +0.66%
CAC 40 4,227.68 +19.26 +0.46%
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