Markets Disappointed With Lack of Stimulus From the ECB?
European stocks, which surged after the European Central Bank unveiled its stimulus package, reversed gains after President Mario Draghi said he doesn’t anticipate further rate cuts. The Stoxx Europe 600 Index lost 1.7 percent at the close of trading, the biggest drop in two weeks. Asian stocks climbed for a second day, with the regional benchmark index heading for a fourth weekly gain. Asian investors reassessed the ECB move in the afternoon as focus now shifts to next week’s meetings of the Bank of Japan and the Federal Reserve. ABN Amro Chief Investment Officer Didier Duret discusses with Bloomberg’s Anna Edwards on “Countdown.”