ECB’s Coeure: ECB’s best contribution to Europe is its mandate

Speaking in Frankfurt, ECB Governing Council member Benoit Coeure said that he is confident that the latest ECB easing measures are proving effective.

Key Quotes:

ECB’s best contribution to Europe is its mandate

ECB has acted forceful when risks materialised

ECB's action isn't conditional in what others do

Is confident that the latest ECB action is proving effective

European stocks rise for second day

Stock markets across Europe rose for the second day on the back of rally in energy shares and drug makers. At the time of writing, Stoxx 50 index w
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USD/JPY now approaching 108.00 handle

JPY’s rally continues without break, with USD/JPY pair now eyeing 108.00 levels. The sell-off is weighing over majors via weakness in JPY crosses.
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