Dan White: Shares rise, but with no visible support
The markets may look as if all is hunky-dory, but the emergency steps taken by the ECB tell a different story
LAST week's decision by the ECB to cut official eurozone interest rates to a record low of just 0.25 per cent looks set to drive share prices even higher.
With interest rates having shrunk to minuscule levels, investors are piling into equities instead.
The news from the ECB sent the DAX index of German shares to a record high.