The ECB has announced for the first time that it will reduce its bond purchases - this did not come as a surprise to the financial markets and so the reactions are rather cautious.

The yield on ten-year government bonds had fluctuated between minus 0.32 and minus 0.33 percent since the morning.

After the ECB decision was announced, the yield briefly "shot up" to minus 0.3248 percent and then quickly fell again.

Over time, however, the trend became clearer.

Most recently, the return fell to minus 0.35 percent.

So investors are turning to Bunds a little more.

The reaction of the euro is even less pronounced.

This had appreciated over the day from $ 1.1811 to $ 1.1836, and even climbed to $ 1.1841 after the decision was announced, but then fell back to the level at the beginning of the day.

Similar to the bond market, it can be seen that the ECB has met investor expectations: it is reducing its bond purchases somewhat, but is sticking to its basic orientation of a loose monetary policy.

The FAZ share index, which had slightly reduced its slight losses since the morning, made it into positive territory over the course of time and was last at 2784 points 0.2 percent in the plus.

The slightly higher growth forecast and the only slight decrease in bond purchases should have impressed equity investors.