European Central Bank President Mario Draghi signaled further monetary easing in two weeks time stating that the institution will use all available means to achieve its inflation goal as quickly as possible. In addition, he said that downside risks to price growth have increased in recent months and officials cannot ignore low core inflation. ECB President’s speech came an hour after German producer prices which declined more in October than economists forecast. The speech caused Germany’s two-year notes to rise, pushing yields to all-time lows. European stocks outweighed declines in banks and energy companies as Glencore Plc commodity producers to increase the most on the Stoxx Europe 600 Index. Asian stocks also rose with the regional benchmark index extending their biggest weekly advance in six weeks due to the advance of technology and consumer companies. China’s authorities efforts to combat corruption and rein in capital outflows that have hit records this year, resulted in cracking the nation’s biggest “underground bank”, which handled $64 billion of illegal foreign-exchange transactions....
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