While you were sleeping: Japan shrinks, ECB ready

Mon, 17 Nov 2014

By Margreet Dietz Nov. 18 (BusinessDesk) - Wall Street were mixed, trading near record highs, as a report showing Japan unexpectedly fell into a recession kept a lid on gains. Japan’s economy shrank an annualised 1.6 percent in the three months through September, after a revised drop of 7.3 percent in the previous quarter. The report came days before the Bank of Japan holds its monetary policy meeting. A further dent in the global economy helped oil extend its decline. Also sliding was the euro after European Central Bank President...

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