Markets Surge After ECB President Says He'll Do 'Whatever It Takes'

Spain Euro 2012

Photo: ESPN

“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro.  And believe me, it will be enough,” said European Central Bank President Mario Draghi at a conference in London.That ignited the European stock markets, which were going nowhere earlier this morning.

England’s FTSE 100 is up 0.6%.

France’s CAC 40 is up 1.3%.

Germany’s Dax is up 0.4%.

France’s IBEX is up 1.4%.

Italy’s FTSE MIB is 2.3.

Later today, we will be getting US durable goods orders and initial jobless claims.

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