ECB's president Lagarde: ECB did not discuss purchases of junk bonds

Market news

4 June 2020

ECB's president Lagarde: ECB did not discuss purchases of junk bonds

Confident that good solution will be found with regard to German court ruling on ECB
PEPP has prevented a downward spiral in financial markets
Governing Council was a unanimous view that action had to be taken
EU fiscal package provides important funding support
ECB strongly welcomes the European Commission’s proposal

Before the bell: S&P futures -0.54%, NASDAQ futures -0.23%

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