Earnings & rumours: Risk rips higher Rumours of additional ECB monetary easing swept across financial markets overnight with Reuters reporting that the Bank...

David Scutt

Scutt Partners

Earnings & rumours: Risk rips higher Rumours of additional ECB monetary easing swept across financial markets overnight with Reuters reporting that the Bank may start purchasing corporate debt in secondary market, potentially by early 2015. Sources familiar with the situation stated that the ECB have already carried out work on such a program with the aim of lowering borrowing costs for businesses which, in turn, will help support the Eurozone economy. If indeed the rumours turn out to be true, an ECB spokesperson refuted the claims overnight along with a separate article in the Financial Times, let's hope lower borrowing costs are used for reinvestment purposes rather than additional stock buy backs as witnessed in other ultra-loose monetary policy jurisdictions of late.... (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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