European markets surge as Draghi hints at QE extension

ECB cuts growth forecasts

Daniel Flynn
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European markets rose by more than 2% after European Central Bank (ECB) president Mario Draghi suggested quantitative easing measures could be extended amid global growth fears.

Germany's DAX is up 3% during today's trading, while France's CAC is 2.6% higher, and the FTSE 100 ahead 2% at 6,209. The euro fell against the dollar to trade at $1.11 following the news. Although the ECB made no change to its bond-buying programme, Draghi said it could be extended beyond its planned conclusion in September 2016 if necessary. Draghi (pictured) said: "We will fully implement our monthly asset purchases of €60bn. These purchases have a favourable impact on the cost and availability of credit for firms and households. "They are intended to run until the end of Septem...

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