Wednesday, 9 December 2015

European Stock Market News - ECB's Monetary Easing

In currencies, the euro slipped 0.1 percent to fetch $1.1010 EUR= after climbing a to one-month peak of $1.1044 overnight.
The common currency, already on a bullish footing after the ECB's monetary easing last week fell well short of expectations, received a further boost after Governing Council member Ewald Nowotny suggested on Wednesday the markets were expecting too much stimulus from the central bank.
A notable mover in Asia was the Australian dollar, which soared after a report showed Australian jobs surged by 71,400 in November, pushing the unemployment rate to a 19-month low of 5.8 percent. That followed strong gains in October, making this the strongest two-month total in 28 years.
Despite questions about the reliability of the data, the Aussie jumped 0.9 percent to $0.7300.
The New Zealand dollar also advanced after the Reserve Bank of New Zealand (RBNZ) cut interest rates early on Thursday but said further easing should not be needed.

The kiwi traded at $0.6730 NZD=D4 after gaining more than one percent in response to the central bank's statement.

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