Monday June 1, 2020

Euro drops on ECB plans but oil jumps as King Abdullah dies

23rd January, 2015
Riyadh: the Saudi city boomed under King Abdullah's reign

European shares extended a seven-year high while bond yields in the region tumbled to record lows as the ECB’s plan to expand asset purchases sent the euro toward an 11-year low.

Asian shares rose, while oil jumped after Saudi Arabia’s King Abdullah died.

The Stoxx Europe 600 Index climbed 0.6 per cent by 8:10 a.m. in London, extending a seven-year high, as rates on 10-year notes of Germany, Italy, Spain and...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 4 weeks ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago