FIG market reacts well to ECB rumours, but downside risk sharpens
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FIG market reacts well to ECB rumours, but downside risk sharpens

The FIG market looked robust on Thursday morning in the wake of encouraging rumours on the scale of European Central Bank quantitative easing, with the bank's president, Mario Draghi expected to announce the bond buying programme later in the day. Market participants have warned that the ebullient market reaction means any disappointment on Thursday afternoon could prove painful.

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