Draghi Touch Less Than Magic With Europe Stocks for Long Run
- Euro-area shares have risen as much as those in broader region
- Analysts have cut profit-growth forecasts on China concerns
European Central Bank President Mario Draghi
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Mario Draghi can move markets. The question is, can he move them for long?
The European Central Bank president’s reputation with stock bulls has been burnished again in October, with his comments on stimulus fueling the biggest monthly jump in six years. Looked at from a longer lens, however, Draghi’s omnipotence is harder to see.