
Draghi Disappoints Markets
Fahad Shabbir (@FahadShabbir) Published July 21, 2016 | 09:41 PM

LONDON, (APP - UrduPoint / Pakistan Point News - 21th july, 2016) - Investors failed to get a hoped-for signal from the ECB about a quick shot of stimulus, leaving markets mixed on Thursday, while the airline sector took a hit following a bleak outlook from EasyJet. As expected, the European Central Bank did not announce any new measures at its regular policy meeting on Thursday. However, investors had been looking to ECB chief Mario Draghi to hint strongly at a further loosening in monetary policy in September to deal with any slowdown caused by uncertainty after Britain's shock vote on June 23 to quit the European Union.
Draghi signalled the "readiness, willingness, ability" of ECB policymakers to use all the central bank's tools if needed, but also praised the resilience of the markets following the Brexit vote. Matt Weller at Faraday Investment Research said Draghi struck a "slightly-less-dovish than expected tone" during his press conference. Meanwhile, Joshua Mahony at financial derivatives trading house IG said the "key takeaway is that Draghi needs more data" before stepping up stimulus. "Sufficient data may not be available by the next meeting, pointing towards longer delay," he tweeted.
Related Topics
Recent Stories

Ahmed bin Mohammed visits Saudi German Hospital in Al Barsha

Maktoum bin Mohammed launches Dubai Family Business Management Programme

Chad's Transitional Military Council Leader visits UAE Field Hospital in Am ..

Kazakhstan's BSG Technology aims to establish operations in UAE

Khaled bin Mohamed bin Zayed tours ADIPEC 2023

Sharjah Ruler promotes Asma Rashid bin Taliah to head of department

Sharjah Ruler promotes Ahmed Saeed Al Jarwan to head of department

Sharjah Ruler renames SHD to Housing Department

Sharjah Ruler appoints Al Shamsi as Chairman of SDTPS

Sharjah Ruler appoints Al Muhairi as Chairman of HD

Sharjah Ruler promotes Al Mahmoud to chairman of SEDD

Sharjah Ruler appoints Abu Ghazin Chairman of Fisheries Authority
More Stories From World
-
'No one better': Egyptians rally for Sisi third term
1 day ago -
Coup-hit Niger set for Algerian mediation
1 day ago -
Blaze rips through regional police HQ in Egypt, 45 injured
1 day ago -
Spanish nightclub ravaged by deadly fire ordered to close in 2022
1 day ago -
Algeria says coup-hit Niger accepts transition plan
1 day ago -
Thailand's manufacturing sector shrinks further in September
1 day ago
-
Nobel prize goes to mRNA Covid vaccine researchers
1 day ago -
1 dead, 2 missing after boat capsizes in S. Philippines
1 day ago -
Microblade stone artifacts unearthed from NE China paleolithic site
3 days ago -
Six dead, 15 trapped after mine collapses in Zimbabwe
3 days ago -
Brazil's Lula undergoes hip surgery 'without complications': doctor
3 days ago -
SSMG 2023 annual conference opens in Riyadh
3 days ago