A signal from the European Central Bank that it would slow its stimulus program from April next year spooked bond and money markets on Thursday and triggered a short sharp surge in the euro. Stock markets took the move in their stride with a closely-followed global index extending a three-month high but the decision to reduce the long-running bond buying scheme from April stunned debt markets. Italy and Spain lead falls in euro zone bonds, with 10-Year yields up 13-14 basis points on the day, while banking stocks in contrast cheered the prospect of an end to relentless low-interest pressure which has been putting ... (full story)