While you were sleeping: Draghi delivers relief

Thu, 03 Sep 2015

By Margreet Dietz Sept. 4 (BusinessDesk) - Wall Street ended mixed ahead of August’s jobs report while equities on the other side of the Atlantic advanced on European Central Bank President Mario Draghi’s promise of additional stimulus if needed. After the ECB downgraded its forecasts for euro-zone growth and inflation, Draghi said policy makers had decided to lift the share of bonds the central bank can buy under its quantitative easing program, while hinting that the program might extend beyond September 2106. “The information availa...

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