And finally, the European Central Bank is poised to start its stimulus program on Monday.<br />It's estimated to be worth over 1 trillion dollars for the euzozone economy.<br />Speaking in Cyprus on Thursday,... ECB President... Mario Draghi announced... the so-called quantitative easing policy will purchase 60 billion euros per month... through September of next year.<br />The central bank also upgraded its growth outlook by half a percentage point... to 1-point-five percent this year. <br /><br /><br />''The ECB's action is going to go the full 18 months that they laid out, and is probably likely to continue after that, because the situation is that a huge amount of slack in the economy exists and it's going to take a while for both the policy action and the market moves you've already seen to use that up.''<br /><br />In response, European and U.S. bonds closed higher in Thursday's trading. <br />The euro fell to an 11-and-a-half year low against the greenback... before settling slightly higher... above 1-dollar-and-ten-cents.<br />Meanwhile, Germany's main stock market hit a new all-time high... of over 11-thousand-500 points. <br /><br />And that wraps up our look at international stories for now. I'll see you back here next week.
