While you were sleeping: ECB warns of reversal

Thu, 24 Nov 2016

By Margreet Dietz Nov. 25 (BusinessDesk) - The European Central Bank warned that “the potential for an abrupt reversal remains significant” on financial markets in its twice-yearly Financial Stability Review. The warning came on a quiet day with US markets closed for the Thanksgiving holiday. On Wednesday both the Dow Jones Industrial Average and the Standard & Poor’s 500 Index closed at record highs. Trading will resume in New York on Friday though many market participants are expected to remain on the sidelines until next week. E...

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