Europe closes sharply lower following rate cuts - both expected and unexpected - and additional...

|By:, SA News Editor

Europe closes sharply lower following rate cuts - both expected and unexpected - and additional QE in the U.K. The ECB chose to pass its chance to wow markets with a bigger-than-expected move. Stoxx 50 -1.2%, Germany -0.5%, France -1.2%, Italy -2%, Spain -3%, U.K. +0.1%. The euro -1.2% to $1.2382.