While you were sleeping: ECB’s Draghi disappoints

While you were sleeping: ECB’s Draghi disappoints
Margreet Dietz
By Margreet Dietz Dec. 4 (BusinessDesk) - Equities and bonds dropped on both sides of the Atlantic as European Central Bank President Mario Draghi offered additional easing that fell short of expectations, while Federal Reserve Chair Janet Yellen underpinned bets she’ll raise rates this month. The European Central Bank cut its deposit rate and extended its quantitative-easing program until at least March 2017, also broadening the range of securities it can buy to debt issued by euro-zone regional and local governments, but failed to incre...