European QE: Buy the rumour, sell the fact?

European markets have rallied in the run up to the ECB's QE announcement, leaving plenty of scope for profit-taking.

Markets have been waiting a long time for tonight’s European Central Bank announcement on quantitative easing. From a stock trader’s perspective, it should be an interesting night. The German stockmarket index – the Dax -- will be keenly watched, in part because it’s such a liquid market.

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