Clashing Messages Over Euro Monetary Policy Hurt Stocks, Unrelated Automotive Earnings Disappointments
Draghi Promises Cuts But Delays, Scholz Contradicts Draghi, Markets Reverse In what was received by analysts as a very dovish message, the European Central Bank’s Mario Draghi promised “accommodative” monetary policy in order to spur the weakening eurozone economy. The question is, why not now? Inflation remains well under target…