The Traderszone Network

Published in TZ Latest News 14 May, 2014 by The TZ Newswire Staff

Stocks inch higher; euro falls on ECB easing bets

European stocks followed Asia higher on Thursday while the euro fell as investors bet central banks in developed markets would continue their monetary support, with the European Central Bank poised to cut interest rates next month. ECB President Mario Draghi signaled last week that the bank was poised to ease monetary policy next month to support the economy. Federal Reserve Chair Janet Yellen has said the U.S. economy needed support, while expectations have been growing China might unveil stimulus. \”But I don’t think we will see a big back-up in yields with ECB easing in the pipeline.\”