While you were sleeping: ECB fails to deliver

Thu, 04 Dec 2014

By Margreet Dietz Dec. 5 (BusinessDesk) - European stocks fell, while Wall Street was mixed, rebounding from earlier losses to inch higher to record highs for both the Dow and the S&P 500, after the European Central Bank failed to deliver on additional stimulus. The ECB also downgraded its forecasts for euro-zone inflation and gross domestic product through 2016. Investors had anticipated ECB President Mario Draghi would have expanded the central bank’s asset purchase program, currently consisting of covered bonds and asset-backed securi...

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