Photographer: Christophe Morin/Bloomberg

Charting the Markets: Draghi Spurs Global Stock Rally

Euro drops for a third day, European stocks rise for a second day and crude rebounds above $30.

Global stocks are heading for their first two-day gain of 2016 after European Central Bank President Mario Draghi signaled further stimulus may be needed in March. Attention now turns to next week's meeting of the Bank of Japan, when it's likely to delay the timeframe for reaching its inflation target, putting further pressure on Governor Haruhiko Kuroda and his colleagues to ease policy again. Even after the market gains, the MSCI All Country World Index is heading for a fourth straight weekly drop. The gauge on Wednesday came within 0.7 percent of entering a bear market.

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