Charting the Markets: Ferrari Under Starter’s Orders
The Shanghai Composite plunged more than 3 percent in its biggest decline in a month on Wednesday, while European equities fell for a second day. Eyes now turn to Mario Draghi’s press conference on Thursday, when we’ll all get an update from the eurozone's central banker on the ECB’s disposition to more QE. It might not make a huge difference though: European equities are going quiet. The Stoxx 600, the benchmark index for European stocks, has moved just 0.7 percent a day on average this month, the smallest moves since March. The time for stock picking has come and those in focus will be judged by the deals they do or don't do.
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