Focus Shifted from Fed to ECB as Draghi Talked More About Bond Purchase Program

Commodities firmed in European session although stock markets in both Asia and Europe retreated. The focus has been shifted from the Fed to the ECB which will hold meeting on Thursday. Draghi’s comments that the central bank would consider buying bonds up to maturity of 3 years have driven market sentiment. It is widely anticipated that the President would deliver more details about the new bond purchase program on Thursday.

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Focus Shifted from Fed to ECB as Draghi Talked More About Bond Purchase Program