LONDON (AP) — Financial markets remained volatile Thursday, a day after concerns over the U.S. fiscal situation combined with renewed worries over the European economy to hammer stocks.
"Volatility will likely continue to be the name of the game going forwards as markets lurch from one crisis to the next and investors will continue to trade with extreme caution," said Mike McCudden, head of derivatives at Interactive Investor.
Draghi spoke after the bank's governing council left its key interest rate unchanged at the record low of 0.75 percent.
An agreement is needed if the U.S. is to avoid the so-called fiscal cliff — a combination of higher taxes and government spending cuts that automatically take effect unless Congress agrees on a new budget by Jan. 1.
In the oil markets, benchmark oil for December delivery was up 92 cents to $85.36 per barrel in electronic trading on the New York Mercantile Exchange.
"Volatility will likely continue to be the name of the game going forwards as markets lurch from one crisis to the next and investors will continue to trade with extreme caution," said Mike McCudden, head of derivatives at Interactive Investor.
Draghi spoke after the bank's governing council left its key interest rate unchanged at the record low of 0.75 percent.
An agreement is needed if the U.S. is to avoid the so-called fiscal cliff — a combination of higher taxes and government spending cuts that automatically take effect unless Congress agrees on a new budget by Jan. 1.
In the oil markets, benchmark oil for December delivery was up 92 cents to $85.36 per barrel in electronic trading on the New York Mercantile Exchange.
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