While you were sleeping: European stocks, bonds rally

Thu, 05 Mar 2015

By Margreet Dietz March 6 (BusinessDesk) - European stocks climbed, while the euro dropped to the lowest level in more than 11 years, after the European Central Bank said it will start wider asset purchases next week. The ECB said it will start its new government bond-buying program of 60 billion euros a month on March 9, including some debt with negative yields. The central bank lifted both its economic growth forecast for 2015, to 1.5 percent from a December estimate of 1 percent, and its inflation forecast for 2016. It kept its key int...

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