While you were sleeping ECB boosts stocks, bonds

Thu, 04 Jul 2013

By Margreet Dietz July 5 (BusinessDesk) - European stocks climbed as both the European Central Bank and the Bank of England reassured investors that interest rates will remain low to help their respective economies. "The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time," ECB President Mario Draghi said at a press conference in Frankfurt. Europe's benchmark Stoxx 600 Index finished the session with a 2.3 percent increase from the previous close. Germany’s DAX gained 2.1 p...

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