Financial Markets Soared after ECB Announced Unlimited Bond Purchases

Financial markets responded positively to ECB’s announcement on the new bond purchase program. Although much of the detail had been leaked before the meeting, investors were pleased that the central bank confirmed the action. Meanwhile, encouraging US payroll data also lifted market sentiment. Wall Street gained with the DJIA and the S&P 500 Indices adding +1.87% and +2.04% respectively.

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Financial Markets Soared after ECB Announced Unlimited Bond Purchases