ECB announce more stimulus into Europe.

The meeting of the European central bank today hit expectations with an announcement of a further 600billion into its bond buying programme and further comment that it was prepared to step further into the market when it was needed. European sovereign debt rallied on the news as did the euro as investors saw this move to provide more stimulus as a positive. Equity markets did not react to the news as profit taking from a strong week of rallies continued  to override any positivity.