Dow Surges Triple-Digits on ECB, Jobless Claims

Dow Surges Triple-Digits on ECB, Jobless Claims
The Dow logged a triple-digit gain boosted by the European Central Bank's move to lower its benchmark rate by 25 basis points to a new low of 0.50%. The news came on the heels of yesterday's FOMC statement saying it will continue buying $ 85 billion in …
Read more on Yahoo! Finance (blog)

Mario Draghi and the ECB haven't saved the eurozone
Financial markets have a lot of faith in Mario Draghi. Too much faith, in all likelihood. They rallied last summer when the president of the European Central Bank said he would do "whatever it takes" to save the euro. And they rallied on Thursday when …
Read more on The Guardian (blog)

European Central Bank cuts key interest rate to fight recession
The ECB action came as European officials reported this week that the unemployment rate in the Eurozone hit a record high of 12.1% in March. At the same time, inflation dropped to a 1.2% annual rate in April, well below the central bank's target …
Read more on Los Angeles Times

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