Draghi Positions ECB to Take on 2017 Risks

Mario Draghi’s message to investors on the future of his quantitative-easing program on Thursday could have been boiled down to three words: less is more. Strenuously denying a “taper” is in place -- or was even discussed by policy makers -- the European Central Bank president cut the institution’s monthly bond buying to 60 billion euros ($64 billion) from 80 billion euros. He also added three more months of purchasing than economists expected, and followed up by saying quantitative easing is essentially open-ended and inflation will remain too feeble well past the supposed new end-date. World First U.K. Chief Economist Jeremy Cook discusses with Manus Cranny on "Bloomberg Daybreak: Europe." (Source: Bloomberg)

S&P 500 Winners and Losers for 09/22
33:48 - These are today's winners and losers from the S&P 500. (Source: Bloomberg)
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