ECB to buy Eurozone's bonds

Note: This section contains information in English only.
Source: Reuters
During today's press conference, the ECB's president Mario Draghi, claimed ECB's readiness to resume bond purchasing program as soon as Eurozone's governments will activate bailout funds. The European Central Bank already acquired bonds at a total value of 210 billion euros, but it had a limited impact. At the same time, the ECB left the benchmark interest rate unchanged, at a record low of 0.75 per cent.
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Thu, 02 Aug 2012 17:17:58 GMT

European stocks turned lower on Thursday

On Thursday, August 2, European stock turned lower as Mario Draghi's comments failed to meet markets expectation. The Stoxx Europe 600 Index tumbled 0.8 per cent to 260.45 during today's London trading session. At the same time, the U.K.'s FTSE 100 Index declined by 0.6 per cent, Germany's DAX Index erased 1.4 per cent and France's CAC 40 Index fell by 1.6 per cent.

Fri, 03 Aug 2012 15:52:43 GMT

Gold turned lower after Draghi's report

On Thursday, August 2, gold futures fell sharply as the ECB disappointed trader's expectations for bold actions in order to curb Eurozone's debt crisis.  Gold futures with the October contract erased 0.79 per cent to $1,592.65 per troy ounce during today's New York trading session. September Silver and September copper also declined, by 1.22 per cent and 1.50 per cent respectively.  

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