ECB

WOOLNOUGH

The Bank of Japan has followed the Federal Reserve and European Central Bank by extending its QE programme by 10trn yen.

Markets were trading in the red this afternoon as eurozone worries and a dispute between Japan and China weighed on investor sentiment.

RICHARD JEFFREY

Global markets rallied at the end of last week as the Federal Reserve unleashed QE3, prompting some investors to call the start of the next major bull market in equities.

A place incapable of supporting life as we know it - a good description of where ECB monetary policy is leading us.

New European ‘banking union' proposals risk the ire of the UK's biggest banks as they could give EU officials broader powers over the City of London.

UK asset managers are readying their contingency plans to cope with a possible ‘Grexit' as the beleaguered economy returns to the spotlight, despite ECB president Mario Draghi providing a boost for European markets last week.

The euro has hit a two-month high against the US dollar as the European Central Bank's bond-buying plans bolstered the single currency.

M&G's Mike Riddell has warned the European Central Bank's latest grand plan to buy government bonds will not prevent a wave of selling if countries' economies continue to deteriorate.