Euro on shaky ground, stocks up on talk of aggressive ECB easing
- 8 years ago
The euro slipped back towards seven-month lows, bond yields fell and European shares rallied on Thursday as talk of aggressive stimulus from the European Central Bank next week gained ground.
"Expectations surrounding the ECB are running very high and this is driving European markets higher, weakening the euro and helping them do better than U.S. stocks," said Marco Vailati, head of research and investment at Italy's Cassa Lombarda.
"I think and hope the ECB will not disappoint but I realize that it won't be that easy," he said.
Euro zone central bank officials are considering options such as staggered charges on banks hoarding cash and buying more debt ahead of next week's ECB meeting, Reuters reported on Wednesday.
"Expectations surrounding the ECB are running very high and this is driving European markets higher, weakening the euro and helping them do better than U.S. stocks," said Marco Vailati, head of research and investment at Italy's Cassa Lombarda.
"I think and hope the ECB will not disappoint but I realize that it won't be that easy," he said.
Euro zone central bank officials are considering options such as staggered charges on banks hoarding cash and buying more debt ahead of next week's ECB meeting, Reuters reported on Wednesday.