Although ECB President, Mario Draghi, said that covered bond purchased would start this month he refused to put a value on the size of purchased that they plan to make. This omission, strange in itself in an age of growing central bank transparency, was enough to spook investors and weighed heavily on European equity markets yesterday. Indeed the UK FTSE 100 posted its biggest one-day fall since January and the eurozone suffered the steepest one-day decline in fifteen months. There are, of course, many other issues weighing on markets; Ebola, air strikes in Iraq and Syria just to mention two. Eyes will now be focused on the US employment figures released later today.
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Stocks and Sterling surge as Scotland says No
Stocks and Sterling surge as Scotland says No