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Stock Market Today by Shailesh Saraf - ECB stimulus much better than expected, market reacts negatively. Nifty might retest its highs and see a sharp selloff in the coming days
The ECB yesterday has given a hefty stimulus increasing the depth and breadth of its stimulus package.The Central Bank also reduced all 3 main interest rates pushing the deposit rate further into negative territory to -0.4% from -0.3% in order to boost inflation. The bond buying program was also expanded from 70bn Euros to 90bn Euros per month. In addition to government bonds, ECB chief Mario Draghi included the non finance Corporate Bonds of Euro Area in the purview of its bond buying program. Though ECB stimulus is much better than expected, market reacted negatively. Nifty might retest its highs and see a sharp selloff in the coming days. Read More ... goo.gl/mRMJ9H
Stock Market Today by Shailesh Saraf - ECB stimulus much better than expected, market reacts negatively. Nifty might retest its highs and see a sharp selloff in the coming days
The ECB yesterday has given a hefty stimulus increasing the depth and breadth of its stimulus package.The Central Bank also reduced all 3 main interest rates pushing the deposit rate further into negative territory to -0.4% from -0.3% in order to boost inflation. The bond buying program was also expanded from 70bn Euros to 90bn Euros per month. In addition to government bonds, ECB chief Mario Draghi included the non finance Corporate Bonds of Euro Area in the purview of its bond buying program. Though ECB stimulus is much better than expected, market reacted negatively. Nifty might retest its highs and see a sharp selloff in the coming days. Read More ... goo.gl/mRMJ9H