Your Evening Briefing
ECB President Mario Draghi, second left, arrives accompanied by ECB Director General Communications Christine Graeff, left, to deliver the opening speech at the first discussion session of the ECB Forum on Central Banking, in Sintra, Portugal, on June 27, 2017.
Photographer: Horacio Villalobos/Corbis News via Getty Images
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He tried to be cautious but spooked the markets anyway. The euro and bond yields surged after European Central Bank chief Mario Draghi talked on Tuesday about what the ECB might do next. Today a trio of officials scrambled to add nuance. Their spin sparked a rapid unwinding of currency, stock and bond positions, even as Bank of England Governor Mark Carney suggested a British interest rate rise could be on the cards. — Andy Reinhardt