GLOBAL MARKETS-After Yellen's teaser, markets hope for Draghi the easer

jueves 3 de diciembre de 2015 07:34 GYT
 

* Euro on back foot before ECB policy meeting

* European stocks up 0.4 percent, bond yields nudge up

* Dollar near 12-1/2-year high after Fed hike talk

* Precious and industrial metals languish

By Marc Jones

LONDON, Dec 3 (Reuters) - Investors were hoping for another bit of Mario Draghi magic on Thursday, after risk assets were left bruised by comments from the head of the Federal Reserve that she was "looking forward" to hiking U.S. rates.

European stocks were up 0.7 percent near 3-month highs and the euro was at a 7-1/2-year low, with Draghi expected to expand the European Central Bank's money-printing programme later and hike the cost for banks that hoard cash.

It followed a fresh spurt by the dollar overnight that had sent gold sliding to a new 5-1/2-year low and other commodity and emerging markets tumbling back again.

Those moves were triggered by Federal Reserve chief Janet Yellen when she said on Wednesday that raising U.S. rates, something the Fed is expected to do for the first time in nearly a decade on Dec. 16, would be proof of the economy's recovery.   Continuación...