ECB’s Nowotny: We stand ready to intervene if necessary in an emergency

European Central Bank (ECB) Governing Council member Ewald Nowotny expresses his discontent with the US election result in his speech delivered earlier today.   

Key Headlines via Reuters:

Today is not a good day for the world economy

We stand ready to intervene if necessary in an emergency

Fears we are entering a period of uncertainty in medium term as we did with after Brexit vote

One cannot say whether Fed is as likely as before to raise rates in December

If the dollars downward tendency and the euro's upward tendency were to accelerate, that could threaten the recovery in Europe but we must wait and see