The European Central Bank has announced a quantitative easing program (bond buying). From March, the ECB will buy bonds totalling €60 billion a month. The total program is €1.1 trillion and is expected to end in September 2016.
In US economic data, new claims for unemployment insurance fell from 317,000 to 307,000 in the latest week. Home prices rose 0.8 per cent in November with the annual growth rate lifting from 4.5 per cent to 5.3 per cent.