While you were sleeping: ECB cuts rates, starts QE

Thu, 04 Sep 2014

By Margreet Dietz Sep. 5 (BusinessDesk) - Equities advanced in Europe after the European Central Bank lowered three key interest rates and announced plans to start buying assets next month in an effort to bolster the euro-zone economy. After opening higher, shares on Wall Street reversed and were lower in late trading amid concerns about falling oil prices. The ECB’s moves, however, marked a turning point in President Mario Draghi’s fight to bolster growth and stir inflation in the euro zone. The policy decisions are expected to have a...

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