While you were sleeping: ECB, China signal support

Thu, 21 Jan 2016

By Margreet Dietz Jan. 22 (BusinessDesk) - Equities on both sides of the Atlantic rebounded after European Central Bank president Mario Draghi as well as China’s Vice President Li Yuanchao flagged a readiness to support economic growth and financial markets. Draghi suggested the ECB might add monetary stimulus as soon as the central bank’s next policy meeting in March. “In this environment, euro-area inflation dynamics also continue to be weaker than expected," Draghi told reporters in Frankfurt at the end of a policy meeting. "It wi...

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