A round-up of the key stories across the specialist financial media, including news that ECB president Mario Draghi quashed talk of an early exit from emergency stimulus measures
Draghi scotches ECB exit talk as Spain keeps crisis alive
European Central Bank president Mario Draghi quashed talk of an early exit from emergency stimulus measures as Spain struggled to borrow in financial markets, a reminder of the risk that the region’s debt crisis could flare again.
European shares eked out modest gains on Thursday with investors looking for bargains after three weeks of losses, but sentiment remained fragile after lower demand at a Spanish auction rekindled funding concerns for weaker eurozone countries.
King readies end of current bond buying as BOE debate looms
Bank of England governor Mervyn King and his committee might vote on Friday to complete their current round of stimulus, as they get ready to debate next month whether to bring the programme to a halt.
Risk assets have stabilized after the previous session’s heavy selling, as trading begins to thin ahead of the Easter holidays and investors position for the monthly US jobs data.
Chinese banks tumbled in Hong Kong on Thursday, providing an extra weight for a region already pressured by signs of more debt trouble in Europe and US stock losses.
