Dow surges by 400 points as Wall Street recovers from rout

Mario Draghi stuck to the script again at today’s ECB Press Conference, delivering yet another ‘balanced’ assessment of the eurozone’s economy. The ECB President quelled recent concerns of weaker economic data as merely a slowdown of growth momentum, not a downturn. This aside, the ECB remain committed to ending the central bank’s bond-buying programme come December.

Transitory or not, Draghi and Co. will need to buy themselves more time to distinguish what effect trade wars, Brexit and the recent Italian budget crisis will have on its interest rate hike timeline in 2019.

Anthony Kurukgy quoted in the Guardian

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