While you were sleeping: ECB boosts sentiment

Thu, 06 Nov 2014

By Margreet Dietz Nov. 7 (BusinessDesk) - Wall Street advanced, pushing the Dow and the S&P 500 to record highs, after the European Central Bank announced plans for more stimulus in its efforts to bolster the flagging euro-zone economy. ECB President Mario Draghi confirmed the central bank began purchasing covered bonds under a new program and will “soon” start to purchase asset-backed securities. “The programs will last for at least two years,” he said in a statement. “Together with the series of targeted longer-term refinancing opera...

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