ECB ready to intervene in markets in emergency, Nowotny says
- Wall Street dips as investors ready for Trump's inauguration
- Western Union (WU) Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586M in Settlement
- Netflix, Inc. (NFLX) Tops Q4 EPS by 1c; Subs Beat Views
- Apple (AAPL) PT Raised to $140 at BofA/Merrill Lynch; iPhone 8 Will be 'Super-Long' Cycle
- Morgan Stanley Upgrades Tesla Motors (TSLA) to Overweight
European Central Bank Governing Council member Ewald Nowotny attends a news conference in the building of the Central Bank of Cyprus in Nicosia, Cyprus October 27, 2016.REUTERS/Yiannis Kourtoglou
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
VIENNA (Reuters) - The European Central Bank is ready to intervene in markets in an emergency, ECB Governing Council member Ewald Nowotny said on Wednesday, after Donald Trump's victory in the U.S. presidential election sparked turbulence in currency and other markets.
"We are definitely prepared to intervene in an emergency," he told reporters on the sidelines of a conference, adding that it was too soon to know what will happen. "What that will really look like, we must wait and see."
(Reporting by Francois Murphy; Editing by Catherine Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ECB Leaves Rates Unchanged
- Sterling on course for best day since at least 1998
- Fed's Williams calls for further gradual U.S. rate hikes
Create E-mail Alert Related CategoriesFed, Forex, Reuters
Related EntitiesDonald J. Trump, European Central Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!