Share prices rally at Lagarde’s nomination as ECB president
by Phillip Inman from on (#4JEYJ)
Move reinforces expectations of fresh stimulus package for ailing eurozone economy
The prospect of a fresh stimulus package to support the ailing eurozone economy when Christine Lagarde takes up the reins as boss of the currency bloc's central bank sent shares higher across Europe and the US on Wednesday.
The FTSE 100 closed up 0.7% at 7,609 points after starting the week at 7,497, while the New York S&P 500 sailed to another record high and moved closer to the 3,000 mark.
Continue reading...