Stockmarkets Surge After Prospect of European Quantitative Easing

Mario Draghi, president of the European Central Bank (ECB), announced that from March 2015 the ECB will inject €60 billion per month into the Eurozone’s troubled economy. It is expected that over €1.1 trillion will be injected into the European economy in total over a period of 18 months. The stockmarket surged in response to the news. The FTSE100 rose from £6,400 in January to £6,829 at the time of writing.