Currency, bond and equity markets react badly to Draghi comments

Sovereign debt slumped, equity markets were down sharply and the euro fell, as the ECB signalled it will stimulate bank lending rather than buying more securities to stem the eurozone’s financial woes.

8th December, 2011
Currency, bond and equity markets react badly to Draghi comments
ECB President Mario Draghi

Sovereign debt has slumped, equity markets are down sharply and the euro has fallen against the dollar, as the European Central Bank signalled it will stimulate bank lending rather than buying more securities to stem the eurozone’s financial woes. Europe’s leaders will convene in Brussels today seeking agreement on ways to counter the crisis.

Italian 10-year bond yields were up by the most in almost a month as ECB President Mario...

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