Investors got ECB odds wrong but Draghi could pay hefty price

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

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Mario Draghi’s authority has been dented after he dashed investors’ hopes. It would seem a central banker is only as trustworthy as his last statement

    It’s hard to know who is most to blame: Mario Draghi, for leading investors up the garden path; or investors, for believing that the European Central Bank president’s talk of doing “what we must” equated to a firm promise of a bigger dose of quantitative easing.

    Either way, the marriage of a teasing central banker and a gullible set of investors produced an ugly stock market on Thursday. The French and German markets fell 3.6% and even the FTSE 100 shed 146 points, or 2.3%.

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