While you were sleeping: Stocks rise ahead of ECB

Wed, 09 Mar 2016

By Margreet Dietz March 10 (BusinessDesk) - Wall Street gained, along with the price of oil, as investors anticipated a promise by European Central Bank President Mario Draghi to bolster monetary stimulus at Thursday’s meeting. Those expectations could backfire. “There’s talk of rates cuts, increasing the size of the asset-purchase program, and expanding the range of products that the ECB will buy,” Daniel Murray, the London-based head of research at EFG Asset Management, told Bloomberg “Let’s see tomorrow how good Draghi is at playing...

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