Cyrrus (Cyrrus)
Markets  |  September 06, 2012 17:05:50

Mario Draghi disappointed markets

Today's open markets was marked by expectations of conclusions of the ECB. European indexes from the very beginning to the ECB meeting increased gradually up to a positive value of around 1.5%.

The ECB left rates at record low levels, and at the press conference were confirmed previous expectations to start the repurchase program of bonds with maturities between 1-3 years for land filling austerity program in bailout mode.

For continued optimism so far in my opinion is short enough, the question raises itself yet realistic activation ESM fund, a negative attitude, and of the Bundesbank bailout to run this program - such as Spain still refuses.

Around 16.30 the markets continue to strongly optimistic spirit promoted a better indicator of the ISM services in the U.S. - the German DAX grows by 2.6% in the U.S. indices are added around 1.4%.

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