- Jonathan Sudaria, a trader at Capital Spreads
European stocks advanced on Wednesday, as the Bank of Japan followed the Fed and announced fresh easing measures. The BoJ said on Wednesday that it is increasing the size of its asset-purchase program by JPY10 trillion, in an effort to boost economic activity in the country and to counter the strengthening yen.
The Stoxx Europe 600 Index gained 0.40 per cent to 274.90. Germany's DAX Index advanced 0.59 per cent to 7,390.76 and France's CAC 40 Index increased 0.54 per cent to 3,531.82.
"The BOJ joins in the quantitative-easing party," said Jonathan Sudaria, a trader at Capital Spreads in London.
"On a more global scale, today's easing move underscores that last week's Fed action to some degree will ‘force' other Asian central banks to follow suit. To what degree will depend on the size of the output gap," analysts at Danske Bank said in a note.
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