Key Points: The U.S. Federal Reserve said it would buy individual corporate bonds, marking a broader approach to corporate bond buying.
European stocks opened higher Tuesday as investors react to the U.S. Federal Reserve's latest announcement and focus on central bank action around the world.
The pan-European Stoxx 600 jumped 1.7% at the start of trading, autos surging 3.8% to lead gains as all sectors and major bourses entered positive territory.
Investors on Tuesday will be focused on central bank announcements, particularly after the Fed announced Monday more measures to support the market.
The Fed said it would buy individual corporate bonds, marking a broader approach to corporate bond buying. Previously indicating it would eventually buy bonds on the primary market, Monday's announcement by the U.S. central bank marked an expansion of that into the secondary market.
Shares in Asia jumped on Tuesday morning trade, tracking a dramatic rebound overnight on Wall Street following the Fed's announcement.
Elsewhere on Tuesday, the Reserve Bank of Australia released minutes of its June monetary policy meeting in which the central bank's board "recognised that the substantial, coordinated and unprecedented easing of fiscal and monetary policy in Australia was helping the economy through this difficult period."
"It was likely that this fiscal and monetary support would be required for some time," the RBA minutes said. The Bank of Japan is also set to release its monetary policy statement sometime on Tuesday.
On the data front, U.K. unemployment claims data is due and Germany's ZEW economic sentiment survey for June is released. There are no major earnings Tuesday.
原文地址：https://www.cnbc.com/2020/06/16/european-markets-react-to-federal-reserve-central-banks.html