Euro zone businesses ramped up activity this month, just as the European Central Bank starts printing money to spur growth and inflation, while a slowdown among Chinese factories has fueled calls for more stimulus there. By contrast, Tuesday's surveys showed signs of an economic pickup in the troubled euro zone, just as ECB policymakers unleash a roughly 1 trillion euro quantitative easing plan. "I wouldn't want to give QE too much credence at this stage. The ECB has only been buying for a couple of weeks and QE takes a long time to have any impact - if at all," said Peter Dixon at Commerzbank.
via Business News http://ift.tt/1Navol2
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