Bank of England Governor Bailey said greater absorption of government debt increases fragility.

ECB minutes for the Sept. 9-10 meeting, published Thursday, said inf may end up higher than previously forecast but policymakers stressed avoiding any signal of further policy action and keeping all options open. The minutes said it was especially important not to provide guidance on the future path of interest rates. The Governing Council raised policy rates by 25bps at the meeting; all policymakers judged inf risks to be tilted to the upside.

NYSE president Martin said market capitalization increased by $500 billion this year.