ECB’s Mario Draghi Sets Stage for More Stimulus in December

More liquidity is coming in Europe. European Central Bank president Mario Draghi told EU officials that the central bank is ready to bolster its stimulus efforts if necessary. Jasper Lawler, a market analyst with CMC Markets, based in London, says Draghi’s remarks foreshadow more stimulus to be announced at the ECB’s Dec. 3 meeting. Draghi said inflation in the 19-nation eurozone has ‘somewhat weakened,’ strengthening the need for more quantitative easing. The ECB commenced its massive $1.2 trillion stimulus program back in March, in an effort to lift inflation and boost growth. The ECB’s December meeting is just 13 days before the Federal Reserve’s all-important meeting, a time when many economists and market participants think the Fed will raise short-term interest rates for the first time in nearly a decade. TheStreet’s Scott Gamm reports from New York.