Woww !! European Central Bank cuts deposit rates to zero, EUR falls 0.5 per cent to $1.2470, Eurozone stocks are weaker

Finally European Central Bank cuts deposit rates, EUR slides as ECB cuts deposit rates to zero, and of course Eurozone Stocks are weaker as investors absorb a raft of central bank action designed to bolster growth

Obviously, Euro sharply lower as ECB cuts rates, The single currency falls 0.5 per cent to $1.2470 following the first interest rate cut by the European Central Bank since December, increasing more doubtful of financial markets in Eurozone

Meanwhile, from London stocks exchange, Monetary easing in London and Beijing helps FTSE 100, London index stays flat ahead of rate calls, but engineer's purchase of the aerospace business of Swedish group sparks gains for its stock

All Eurozone banks climb after ECB action, supported by Announcement that German carmaker is to acquire the half of Porsche it does not own in a €4.46bn deal provided movement in an otherwise quiet session

Latest news from Spain debt crisis, Spanish 10-year borrowing costs jump, Madrid sells €3bn in medium and long-term notes at the top end of its target but with doubts over the EU summit proposals, 10-year yields reach 6.4%

European Central Bank cuts interest rates to historic low, Eurozone horror is starting, Central bank responds to increasing gloom over the prospects for the eurozone economy with a move that also offers relief to the region's struggling banks