European shares and the euro fire and fall back on the ECB news. The bond purchase program -...

|By:, SA News Editor

European shares and the euro fire and fall back on the ECB news. The bond purchase program - sterilized intervention in paper of less than 3 years maturity - sounds like a warmed-over version of the SMP and may not have too much of an impact. The Stoxx 50 and the euro are about flat.