Reuters

European shares rose on Thursday, reversing initial losses after the ECB said interest rates would stay at record lows at least through the summer of 2019.

The ECB said on Thursday it will end its bond purchase scheme by the close of the year, taking its biggest step in dismantling crisis-era stimulus.

The euro rose to its highest in a month but world stocks wilted on Thursday, as the ECB prepared to pull the plug on its stimulus program.

China’s central bank left borrowing costs for interbank loans unchanged on Thursday, a surprising decision that shrugged off the U.S. Fed’s policy rate increase.

Oil prices eased on Thursday, dragged down by rising output and a decline in China’s refining activity.

Asian shares eased on Thursday after the Fed raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening.

A move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis & recession

At least three OPEC members disagree with Saudi Arabia and Russia on the need to pump more oil, OPEC sources said.

 Oil prices edged higher on Wednesday, turning positive after U.S. government data showed a bigger weekly draw than expected in domestic crude inventories.

U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, but underlying producer inflation remained moderate.