While you were sleeping: Stocks advance on ECB reports

Wed, 21 Jan 2015

By Margreet Dietz Jan. 22 (BusinessDesk) - Equities on both sides of the Atlantic rose after reports that the European Central Bank plans to spend 50 billion euros a month on debt purchases to stoke the languid euro-zone economy and ward off deflation. European Central Bank President Mario Draghi and his Executive Board proposed spending 50 billion euros a month through December 2016, Bloomberg News reported, citing two euro-area central-bank officials. The plan still faces a tense debate in the Governing Council and may change before th...

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