The Traderszone Network

Published in TZ Latest News 26 August, 2014 by The TZ Newswire Staff

Asia stocks highest since 2008, ECB talk pressures euro

The groundbreaking call by European Central Bank President Mario Draghi for more action on both the monetary and fiscal fronts has markets wagering that fresh steps could come as soon as next week when the central bank’s governing council meets. “The comments have raised expectations that the ECB could announce even more monetary policy stimulus over coming months,” said Peter Dragicevich, a senior currency and rates strategist at Commonwealth Bank of Australia.