Europe Stocks Little Changed as Comments on Draghi Give Support
ECB Said to See Draghi Speech Misjudged by Markets
This article is for subscribers only.
European stocks ended the session little changed, erasing an earlier drop after comments by Eurosystem officials damped speculation Mario Draghi had turned more hawkish.
The Stoxx Europe 600 Index closed at 385.82, reversing a decline of as much as 1 percent. The officials said the European Central Bank president’s speech on Tuesday was intended to strike a balance between recognizing the currency bloc’s economic strength and warning that monetary support is still needed.