13 percent, Canada Goose Outlet to 17,889

shares sag as ECB’s Draghi disappoints markets

LONDON, Dec 4 (Reuters) The euro and canada goose clearance sale bond yields in the currency bloc spiked and shares stumbled on Thursday after the European Central Bank stuck to its line that it will judge early in 2015 whether more action is needed to revive the euro zone economy.

Markets had Canada Goose sale been hoping for firmer details on if and when the central bank will take the radical step of printing money to buy government bonds, that countries like Germany have been resisting.

President Mario Draghi said the ECB had been stepping up technical preparations for new measures, and also said there was no need for unanimity canada goose factory sale within the ECB to launch money printing quantitative easing, or QE.

But despite issuing new forecasts spelling out the euro zone deepening economic malaise, the central bank announced no new immediate measures on Thursday.

European markets recoiled in canadian goose jacket disappointment dropping over 1 percent, and the S 500 and Dow Jones Industrial opened 0.1 canada goose coats 0.2 percent lower, having originally been expected to add slightly to Wesnesday record closes.

cut inflation and GDP estimates and postponed monetary stimulus. It couldn go worse than that, said Vincenzo canada goose uk shop Longo, a strategist with IG in Milan.

The cheap canada goose uk ECB is waiting to see the impact Canada Goose Online of measures it has already lined canada goose uk black friday up it hopes banks will mop up a new flood of ultra cheap loans next week and Draghi said on Thursday it would review its options again next year

The euro bounced almost a full cent back up to $1.24 at one point and yields of debt from the euro zone indebted southern states, but also core members like Germany, all climbed briskly as investors canada goose store reevaluated the timing of potential new stimulus.

At the same time the dollar was also moving higher and after flirting with the idea for most of the day broke through 120 yen for the first time since July 2007 following some robust jobless claims data. Non farm payrolls are due on Friday.

Expectations of more stimulus from other global central banks helped cushion to disappointment from the ECB.

Overnight in Asia, Chinese stocks took their biggest leap in over two years as traders wagered Canada Goose Coats On Sale Beijing will continued cutting rates next buy canada goose jacket cheap year.

Signs that stimulus happy Shinzo Abe coalition was heading for victory in Japan upcoming canada goose black friday sale elections meanwhile pushed the Nikkei to a near 7 1/2 year high and left the yen tantalisingly close to 120 Canada Goose online yen to the dollar.

activity in anticipation of Canada Goose Parka extremely promising conditions being born, said Hiroyuki Nakai, chief strategist at Tokai Tokyo Research Center Co in Tokyo.

PUTIN canada goose clearance POWER As Wall Street opened, the uk canada goose outlet Dow Jones industrial average fell 23.18 points, or 0.13 percent, Canada Goose Outlet to 17,889.44, the S 500 lost 3.74 points, or 0.18 percent, to 2,070.59, and the Nasdaq Composite lost 0.1 percent.

Elsewhere, battered oil prices steadied at just under $70 a barrel after an overnight bounce and gold managed to keep canada goose above $1,200 an ounce even as the dollar neared a 5 1/2 year high. Gold like most commodities is Canada Goose Jackets priced in dollars.

The oil bounce had brought some temporary relief to Russia battered rouble but it resumed its slide after Vladimir Putin blamed the West for cynicism over canada goose coats on sale Ukraine.

There were clear hints, however, that he was ready to take measures to prevent any further damage to the rouble which has cheap Canada Goose now lost almost 40 buy canada goose jacket percent since June.

ask the central cheap canada goose bank and the government to carry out tough coordinated action to fight off the desire of the so called speculators to play on the fluctuations of uk canada goose the Russian currency, he said. The time has come to https://www.officialcanadagoosesoutlet.ca use those canada goose uk outlet instruments. (Additional reporting by Francesco Canepa; Editing by Hugh Lawson).

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