Experienced Investor
US indices hit fresh record highs after Draghi comments
Written By:
Laura Dew
Posted:
Updated:
07/11/2014
US shares have continued to rally after European Central Bank (ECB) president Mario Draghi laid the groundwork for full blown quantitative easing in the eurozone.
Draghi’s suggestion that the ECB is ready to act helped push shares higher across the pond.
The S&P 500 closed up 0.4 per cent at 2,031, a record high, while the Dow also broke new ground after closing 0.4 per cent higher at 17,554.
Draghi’s comments also prompted the single currency to fall to a two-year low, the euro reaching $1,2368 against the US dollar.
Overnight in Asia, performance was more mixed. The Nikkei rose 0.5 per cent to 16,880 due to export stock strength, but the Shanghai Composite and the Hong Kong Hang Seng both fell 0.3 per cent, to 2,418 and 23,570 respectively.
