The doves are flying. Is there any doubt that, when it really comes to who influences markets, central banks rule the world?
Stocks in Europe moved up right after the open there. An European Central Bank board member, Benoit Coeure, said the ECB will start purchasing assets within days and that additional accommodation was available.
Separately, the Bank of England's chief economist, Andrew Haldane, said "interest rates could remain lower for longer, certainly than I had expected three months ago."
Then, this morning China's central bank said it would inject up to 200 billion yuan ($32.8 billion) into 20 large national and regional banks.