Differing reaction about whether the ECB will help loan eurozone banks money that they desperately need drop markets in Asia off and at the open Europe markets higher
The Nikkei 225 fell ..59% to 8,671. The Hang Seng was down .69% to 19,108.
At the open in Europe, the FTSE 100 was higher by .37% to 5,569. The DAX moved up .82% to 6,043.
According to MarketWatch,
The European Central Bank is expected to deliver its second rate cut in as many months on Thursday, but Mario Draghi’s pronouncements on efforts to cobble together a tighter fiscal union in the euro zone will likely carry more weight as European leaders gather in Brussels.
Namely, investors will be looking for further clues that the central bank is willing to expand its bond-buying program after the ECB president last week told the European Parliament that “other elements might follow” if European leaders put together a credible “fiscal compact.”
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