While you were sleeping: Central banks lift mood, stocks

Mon, 15 Feb 2016

By Margreet Dietz Feb. 16 (BusinessDesk) - European equities, notably bank stocks, climbed as European Central Bank President Mario Draghi said the central bank would “not hesitate to act” if needed because of “the recent financial turmoil.” “In the light of the recent financial turmoil, we will analyse the state of transmission of our monetary impulses by the financial system and in particular by banks,” Draghi told European lawmakers in Brussels. Draghi also referred to the impact of weakening oil and commodity prices on euro-zone w...

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