Feb 7, 2013
European markets higher ahead of ECB, UK stocks down after Carney and BoE
The German DAX 30 (+0.12%), the French CAC 40 (-0.08%), the Italian FTSE MIB (+0.66%), and the Spanish IBEX 35 (+0.65%) are up ahead of the ECB policy decision and Draghi's press conference, expected to address the liquidity and euro strength issues. “The higher EUR-USD prices are therefore mainly a reflection of increased investor confidence, which Draghi is likely to welcome”, wrote Commerzbank analyst Karpowitz, adding that he will not be prepared to begin a debate about an active exchange rate policy, an absurd proposal.
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