Investors cautious after Draghi delivers stimulus measures

Laura Dew

Markets across the globe were mixed overnight as investors reacted to a series of stimulus measures introduced in Europe to stave off the downturn.

The European Central Bank - led by Mario Draghi (pictured) - yesterday cut its headline interest rate by ten basis points to 0.05% and said it will begin a long-awaited asset purchase programme in the coming months. The deposit rate has also been reduced by ten basis points to -0.2%. The move to buy specific debt - namely mortgage backed securities - caught some unawares, and sent the euro tumbling yesterday, although it boosted European markets which finished sharply higher. Overnight however, investors were less moved, with US markets closing marginally lower and shares in Asia also...

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