Scoreboard: Super Mario

European investors cheered the ECB's decision to cut rates and launch a stimulus program, while Wall Street reversed early gains as the energy sector came under pressure.

In US economic data, the Markit Services Sector PMI eased from 60.8 to 59.5 in July. The US ADP Employment survey showed an increase of 204,000 private sector jobs in August. The US trade deficit narrowed from $40.8 billion to $40.5 billion in July -- a six month low. The result was driven by a 0.9 per cent lift in exports to a record high of $198 billion in July.

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