Stocks fall as ECB goes no further on QE

08 Sep, 2016 6:15 pm

LONDON – Stocks dipped and the euro gained on Thursday after the European Central Bank kept interest rates on hold and made only its previous broad commitment to run bond-buying for as long as needed, stopping short of a formal extension of quantitative easing.

Germany’s DAX dipped 0.4 percent on the day after the bank’s statement, pulling pan-European indices of blue chip companies down by around a quarter of a percent on the day .STOXX50E.FTEU3.

The euro hit a two-week high of $1.1316 and German government bond yields extended earlier rises, up more than 3 basis points on the day. –Reuters

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