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Fasdal on ECB: This is what the market needed to hear

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Earlier this Thursday, Saxo's Simon Fasdal said the European Central Bank could surprise to the upside. That's exactly what president Mario Draghi has done after boosting the ECB's quantitative easing programme. Fasdal says this has helped both European equities and bonds while ensuring a weaker eurodollar.

He also discusses how market turbulence as well as low inflation made a significant impact on the ECB's thinking. These are market supportive headlines, he says.