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European stocks increased supported by the ECB President Mario Draghi comments the ECB could add new stimulus measures in June to tackle low inflation. He added the low inflation rate in the context of strong euro is a cause for concern. The ECB President has not specified what kind of stimulus measures could be added by the ECB.
The Bank of England kept unchanged interest rate at 0.50% and the asset purchase plan remained at 375 billion pounds.
Barclays shares increased 8.1%. The company will cut 7,000 jobs at the investment bank to reduce its dependence on the unit. Barclays reported it is planning to cut 14,000 jobs worldwide this year, up from the 12,000 cuts announced in February.
Metro AG shares climbed 2.9% after announcing the better-than-expected earnings.
ProSiebenSat.1, German media group, increased 5.7% after the release of a 9.5 percent increase in first-quarter core earnings.
Rheinmetall AG shares were up 8% after posting a 12% sales increase in the first quarter.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,839.25 +42.81 +0.63%
DAX 9,607.4 +86.10 +0.90%
CAC 40 4,507.24 +60.80 +1.37%
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