`Just Wait' Becomes Lament for Traders Who See Draghi Rally Fade

  • After jumping as much as 3.7%, Euro Stoxx 50 closes down 1.5%
  • Index had its biggest intrday move on an ECB day since 2011

Is the ECB Done With Lowering Borrowing Costs?

Benno Galliker spread his arms and stretched as the news of Mario Draghi’s latest stimulus package flashed on his screens Thursday afternoon. He was long stocks, and the market was rallying.

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