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Asia Pacific shares join global slump as ECB fails to deliver stimulus

Discussion in 'Market News' started by Lily, Dec 4, 2015.

  1. Lily

    Lily Forum Member

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    Traders warn that the European bank has lost credibility after encouraging the market to believe that it would unleash yet more cheap money

    Asian shares have joined a slump in global markets after the European Central Bank’s stimulus package fell well short of markets’ high expectations.

    Traders warned that the ECB’s failure to deliver another big round of monetary easing meant that it had “lost credibility” with the markets.

    Related: Investors got ECB odds wrong but Draghi could pay hefty price

    Related: Mario Draghi's big bazooka turns into a peashooter

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