Draghi's Cancellation of Jackson Hole Trip Spurred Stimulus Speculations

Stock markets waxed and waned as the Jackson Hole Symposium approaches. Investors were betting the possibility that Fed Chairman Ben Bernanke would hint further QE3 during his speech given recent mixed data. Meanwhile, sentiment was mixed as Catalonia might have become the third Spanish province to tap the l liquidity program, with 5B euro while speculations of further ECB action were intensified as President Draghi skipped Jackson Hole "due to the heavy workload foreseen in the next few days",

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Draghi's Cancellation of Jackson Hole Trip Spurred Stimulus Speculations