Euro dips as ECB sets sights on deeper negative rates

March 10, 2016 10:22 AM

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Euro dips as ECB sets sights on deeper negative rates

LONDON Expectations for a fresh shot of stimulus from the European Central Bank on Thursday pushed down the euro and government bond yields in the morning, after New Zealand set the bar high with a surprise rate cut that sent its currency tumbling.

Europe's main stock markets got off to a solid start, with London's FTSE .FTSE, the DAX in Frankfurt .GDAXI and the CAC40 in Paris .FCHI adding between 0.1 and 0.3 percent to the 13 percent they have gained over the last month.

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