Market report: European stocks little changed as earnings miss estimates

European stocks were little changed amid speculation that the European Central Bank will boost stimulus measures and earnings reports missed estimates.

22nd October, 2014
In Dublin, the Iseq was up 0.2%

European stocks were little changed amid speculation that the European Central Bank will boost stimulus measures and earnings reports missed estimates.

The benchmark index rallied 2.1 per cent yesterday as the ECB began buying covered bonds for a second day. A Reuters report yesterday claimed that the bank was also considering buying corporate bonds.

ECB Governing Council member Luc Coene said today however, that the bank had no proposal in place for such purchases.

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