While you were sleeping: European stocks climb

Mon, 26 May 2014

By Margreet Dietz May 27 (BusinessDesk) - Equities in Europe advanced after European Central Bank President Mario Draghi cemented expectations euro-zone policy makers will take action at their next meeting in June to help bolster the region’s economy. Speaking at an ECB Forum on Central Banking on Monday, Draghi said the central bank expects that “low inflation will be prolonged but gradually return to 2 percent.” “Our responsibility is nonetheless to be alert to the risks to this scenario that might emerge and prepared for action if t...

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