The latest euro ‘fix’ could be bad news for the US

The promise of money-printing from the European Central Bank has given share prices in Europe a boost. But for US stock markets, it's likely to be bad news. John Stepek explains why.

Investors are finally convinced that the eurozone can be saved.

European Central Bank boss Mario Draghi has made it clear that he'll do what it takes' to stop the likes of Spain or Italy from going bust, as long as they ask for help.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.