Equity and bond markets disappointed with the extent of stimulus.
Recent sentiment was orientated towards a weaker Euro, with strong positions being amassed against the Euro in anticipation of a looser European Central Bank (ECB) monetary policy. Most markets, in the short-term, had priced in an expected stimulus package.
Unfortunately, this didn’t happen and questions are now being asked as to why Mario Draghi misled the markets with his previous announcements and indications.
‘Stimulus stumble’ it is now being called.
They love a catchy headline, don’t they?
