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  • Europe's stock markets rebounded Thursday after a mixed open, as investors digested the European Central Bank's 750-billion-euro ($820-billion) bond-buying stimulus aimed at containing the economic damage from the coronavirus outbreak. In initial deals, London's benchmark FTSE 100 index rallied 1.6 percent to 5,163.95 points and Frankfurt's DAX gained 1.9 percent at 8,603.44. Paris was the star performer with the CAC 40 soaring 3.7 percent to 3,892.62 points. After announcing the vast stimulus programme, ECB boss Christine Lagarde tweeted that "extraordinary times require extraordinary action. There are no limits to our commitment to the euro." Those comments echoed the words of her predecessor Mario Draghi, whose pledge to do "whatever it takes" to preserve the eurozone was seen as a turning point in the region's sovereign debt crisis. "The European Central Bank loves inelegant acronyms. To LTROs and TLTROs we can now add PEPP - the Pandemic Emergency Purchase Programme," said Markets.com analyst Neil Wilson. "As cumbersome as it sounds, the 750-billion-euro fund looks more like a bazooka than anything they've done thus far. Christine Lagarde and co knew they had to step it up and have." rfj/bmm
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  • European stocks stage rebound on ECB stimulus
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