While you were sleeping: Gearing up for ECB QE

Mon, 19 Jan 2015

By Margreet Dietz Jan. 20 (BusinessDesk) - European stocks gained amid bets the European Central Bank will announce a bond purchase program this week, while oil dropped after Iraq said it produced a record amount of crude and Iran said it would survive a slump to US$25 a barrel. The Swiss Market Index rebounded, closing 3.2 percent higher, following a two-day plunge last week after a decision by the country’s central bank to abandon its cap on the franc against the euro in anticipation of sovereign debt purchases by its euro-zone counte...

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