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Stock indices closed higher due to growing speculation for new stimulus measures by the European Central Bank (ECB). Friday's comments by the ECB President Mario Draghi boosted the speculation for new stimulus measures by the European Central Bank. The European Central Bank President Mario Draghi said in Jackson Hole the ECB could add new stimulus measures should inflation decline further. He also said inflation expectations were showing a significant fall.
Market participants continue to monitor developments in Ukraine. Russian President Vladimir Putin will meet Ukrainian President Petro Poroshenko in Minsk today.
Ukrainian President Petro Poroshenko announced yesterday that new parliamentary elections will take place on October.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,822.76 +47.51 +0.70%
DAX 9,588.15 +78.01 +0.82%
CAC 40 4,393.41 +51.30 +1.18%
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