S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

ECB Reaction–Asia Down, Europe Higher

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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.”

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Retirees Are Realizing a $1.5 Million Nest Egg at 60 Only Means $31,000 in Real Annual Spending
Drew Wood |

Retirees Are Realizing a $1.5 Million Nest Egg at 60 Only Means $31,000 in Real Annual Spending
71% of Americans With Financial Advisors Feel Secure. Only 10% Without One Do
David Beren |

71% of Americans With Financial Advisors Feel Secure. Only 10% Without One Do

Continue Reading

Jon C. Ogg |

Bernanke Testimony: Coordinated International Swaps With Major Central Banks

Fed Chairman Ben Bernanke is testifying before the Committee on Government Oversight and Reform at the U.S. House of Representatives…
Paul Ausick |

IMF Forecasts More Weakness in Global Economy

In one of the periodic updates to its 2012 World Economic Outlook, the International Monetary Fund (IMF) said today that…
Douglas A. McIntyre |

New ECB Bond Purchase: Will It Offset S&P US Debt Downgrade?

nationsonline.orgThe European Central Bank will begin to buy the sovereign bonds of Spain and Italy as a way to provide…
Chris Lange |

The Greek Conundrum Takes Its Toll

With the woes of Europe dominating the headlines for the start of 2015, the concerns about the future of Greece…
Douglas A. McIntyre |

What’s Important in the Financial World (10/12/2012)

The Cost of TARP The bailout programs that made up the TARP investments will end up costing taxpayers very little,…
Douglas A. McIntyre |

ECB Chief Blocks a European Comeback

nationsonline.orgU.S. Treasury Secretary Tim Geithner and International Monetary Fund chief Christine LaGarde almost begged European Central Bank President Mario Draghi to…
Trey Thoelcke |

European Central Bank to Become True Central Banking Authority

ThinkstockEurope finally has a central banking authority, a move that many politicians and economists believe will help pull the region…
Douglas A. McIntyre |

What’s Important in the Financial World (9/19/2012)

Bundesbank Chief Expresses His Displeasure Bundesbank leader Jens Weidmann has been unhappy with the European Central Bank’s plan to buy…
Douglas A. McIntyre |

Moody’s May Downgrade Spain, The European Picture Darkens

Moody’s may take away Spain’s Aa1 sovereign debt rating. The agency gave its reasons: (1) Spain’s vulnerability to funding stress…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618