European stocks, euro take stock of ECB decision
- Published: 7 Dec 2012 at 00.47
- Online news: World
European stock markets held on to gains but the euro turned sharply lower Thursday after the European Central Bank said a decision to leave its key rate unchanged was not unanimous.
Brokers at work in the Frankfurt Stock Exchange. European stock markets held on to gains but the euro turned sharply lower Thursday after the European Central Bank said a decision to leave its key rate unchanged was not unanimous.
Traders had largely expected the ECB to hold fire on interest rates at its last policy meeting of 2012, but the revelation by ECB head Mario Draghi that some members of the governing council supported a rate cut was enough for markets to take pause though milestones were still hit in Germany and France.
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