The Drudge word caused a large outbreak of the global market optimism.
"The euro is irreversible, we have taken action to make the euro is irreversible, the European Central Bank will make every effort to defending the euro, the European central bank governor Mario Draghi said on Thursday."
This position, the original sluggish global stock markets, commodities and the euro rose sharply, peripheral Eurozone government bond prices rose sharply.
European stock markets in the morning had been in the flat state, SAN FRANCISCO, July 26, at 30 minutes, the European market rose more than 2%, the UK rose 1.4 percent, up 3.2% in France, Germany rose 1.8%, Spain up 3.7% Italy rose 4.4 percent.
The euro rose 1.2 percent against the U.S. dollar broke through 1.22 and 1.23-mark to 1.2304.
Mario Draghi said that if the risk premium of government borrowing undermines the monetary policy transmission, against borrowing costs in line with the mission of the European Central Bank.
This statement means that the European Central Bank may buy government bonds or take other measures, including the indirect purchase of bonds LTRO (long-term refinancing operations) project. Monument Securities analyst, said Marc Ostwald, Drudge's statement may be trying to bypass the limitations of direct purchases of government bonds, that is, the ECB may also start the QE.
Although Drudge did not specify that he will be specific measures to be adopted. Peripheral Eurozone bond prices also soared, to the contrary the rate of return and price therefore fell.
Ten-year Spanish bond yields fell 39 basis points to 6.99 percent.
Other News:
Mario Draghi: Paul euro at all costs
Sales of not more than the decline of the steel market weakened wire rebound
Improve measures to prevent damage to the plane thrust ball bearings
Olympics will boost the ? 13 billion of income
Bearing industry leading companies vied for the Moon Lake market has great poten
Regular maintenance skf stainless steel bearings cleaning and inspection start
Schaeffler successful assembly of the 5 MW wind turbine spindle bearings in CSIC
Secret Olympic broadcast interests of the chain
