Yet European stock markets were under pressure Thursday with Spain leading the way lower after the European Central Bank held interest rates steady and refrained from announcing additional stimulus measures.
ECB President Mario Draghi said policy makers discussed additional stimulus policies and stand ready to act if needed, Bloomberg News reported.
“We had an ample discussion of the various measures, non-standard measures that could be utilized to repair the transmission policy,” Draghi said. “We see no reason to act on all these fronts. These are measures we keep on the shelf.”
The ECB left rates unchanged at 0.5%.
In currency markets, CurrencyShares Euro Trust (NYSEArca: FXE) rose more than 1% on Thursday.
iShares MSCI Germany
