Friday, February 28, 2014

ECB easing hopes support shares, anchor yields

Pedestrians walk past an electronic board showing various stock prices outside a brokerage in Tokyo By Jamie McGeever LONDON (Reuters) - European stocks rose on Friday, supported by expectations a low reading of euro zone inflation later in the day will force the European Central Bank to ease monetary policy further and a record high close on Wall Street the previous session. But worries over the tense political situation in Ukraine limited these gains, helped fuel a safe-haven rise in the Japanese yen against the dollar and anchored benchmark U.S. Treasury yields near their lowest in three weeks. In the second half of the year, you could also see the central bank start buying assets in the American style. These measures have the potential to favorably impact the market," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.








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