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DAX: Draghi pulled the rug out from under the bulls

March 10, 2016 6:10 PM
<p>It’s been a harrowing trip for global markets today, and ECB President Mario Draghi was the conductor.</p> <p>First traders were impressed by the size and scope of the ECB’s aggressive actions to ease monetary policy, but the market’s collective view shifted to dismay when Draghi later indicated that further rate cuts were neither anticipated no...

ECB Recap: Better late than never for euro bears

March 10, 2016 1:20 PM
<p>After massively disappointing traders’ high hopes back in December, “Super” Mario Draghi and company were <i>not</i> going to make the same mistake again. Expectant traders and analysts were looking for the ECB to cut its deposit rate by 10bps and increase its quantitative easing program by €10B per month, but the so-called “whisper numbers” were...