European markets tread water ahead of an expected announcement of Quantitive Easing by the European Central Bank. Will the program be bigger – or smaller – than the $580 billion or so already priced in? Will the risk be shared across the Eurozone, or ultimate responsibility kicked back to national treasuries, as the Germans are demanding, if something goes wrong? Spain’s debt-laden Telefonica rises on talk of a possible investment from the Qatar sovereign wealth fund. British construction and infrastructure group Balfour Beatty takes $106 million hit, but Royal Mail delivers, after smaller rival’s Christmas Eve bankruptcy.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
