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Home International Markets

European stocks drop as euro falls

byCustoms Today Report
05/12/2014
in International Markets
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LONDON: European stocks  have faced difficulty while the euro dropped its value after European Central Bank dissatisfied markets eager for stimulus to refresh the pausing eurozone economy.
The ECB held its main ‘refinancing’ rate steady at 0.05 per cent, as expected at its monthly policy meeting.
But while its chief Mario Draghi says the ECB has stepped up preparations for more anti-deflation measures, these will be reassessed only in January.
Bucking the trend of slipping stocks, Ryanair shares soared 8.37 per cent in Dublin trading to close at 9.45 euros after the Irish low-cost airline ramped up its annual earnings forecast on a surge in monthly passenger numbers.

Tags: dissatisfied marketsECBeuro fallsEuropean stocks

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