: Germany DAX added 3.1 percent, France CAC-40 rose 2.8 percent and Britain FTSE 100 rose 2 percent, according to Deutsche Welle. In New York, too, the Dow gained more than 1 percent on the news. European markets rallied but the euro fell 1 percent to $1.1100 after bank President Mario Draghi announced lower growth and forecasts and said more stimulus could be on the cards if inflation failed to pick up in the eurozone. Following a board meeting in Frankfurt, Draghi said the bank would leave rates unchanged for now. If that happened, he said, the bank would step in with a longer and more robust bond-buying program than its current 1.1-trillion-euro quantitative-easing program, which spends 60 billion euros in newly printed money on government bonds every month and is curently scheduled to run until next September. "Our asset purchase program continues to proceed smoothly," Draghi said, adding that no one on the bank Governing Council had argued for it to be increased at present. But he warned a further slowdown was possible, which he blamed on a weakness in emerging markets.
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