European Stocks’ Santa Curse Set to Lift as Draghi Delivers
- Euro Stoxx 50 on track for first December gain in three years
- Equities have rallied in run-up to ECB policy meeting
Principal Global's Baur: What to Expect From the ECB
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A so-called Santa rally that has eluded European stock traders for the past two years is within grasp, thanks to Mario Draghi.
The Euro Stoxx 50 Index has climbed 4 percent in the last month of 2016, extending an advance on Thursday after the European Central Bank president announced an expansion in stimulus measures and broadened the rules of its asset-purchase program. The gains dovetail with a longer-term trend of advances in the final month of the year.