GLOBAL MARKETS-ECB stimulus hopes keep Europe stocks at 3-month high

miércoles 2 de diciembre de 2015 09:39 GYT
 

* European stocks near 3-mnth high, euro near 7-1/2 mnth low

* Eurozone inflation bolsters ECB easing bets

* Oil slips for fifth day ahead of Friday OPEC meeting

* Fed's Lockhart says "compelling" case to raise U.S. rates

By Marc Jones

LONDON, Dec 2 (Reuters) - European stocks hovered at a 3-month high and the euro was just above a 7-1/2-month low on Wednesday as euro zone inflation remained barely visible and underlined just why the ECB is set for more stimulus.

However, Wall Street was expected to see a subdued start and the dollar was still recovering from an overnight wobble, though European investors were still mostly focused on Thursday's expected moves from European Central Bank chief Mario Draghi.

The euro dropped back below $1.06 as the first reading of November euro zone inflation stayed at 0.1 percent, far below the ECB's near 2 percent target and reiterating the worries that it could stifle any serious economic growth.

Markets are expecting another salvo of easing measures from Draghi on Thursday, including an expansion of its bond buying programme and even higher charges for commercial banks that hoard excess cash.   Continuación...