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ECB Ramps Up Stimulus But Disappoints Markets (News: 11/03/16)

Today's Press

  • While oil prices have "recovered remarkably" in recent weeks, this should not "be taken as a definitive sign that the worst is necessarily over," the International Energy Agency (IEA) warned Friday.

  • Barely a month ago Federal Reserve Chair Janet Yellen cut an isolated figure in her semi-annual testimony to Congress, forced to defend the U.S. central bank's data-dependent approach while around her stocks plunged and oil prices sagged.

  • The European Central Bank fired off a salvo of measures aimed at bolstering the eurozone’s fragile economy but markets brushed off the efforts, raising questions about whether it and other central banks still have the tools to bolster weakening growth and inflation after years of easy-money policies.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 113.78
  • EURUSD: 1.1011

Indices:

  • S&P 500: 1,989.57
  • NASDAQ : 4,662.16

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