Europe Stocks Fluctuate After ECB as Traders Await Draghi Speech
- Stoxx 600 reverses earlier gains, all industry groups fall
- Germany's DAX Index, France's CAC 40 Index drop more than 3.5%
Have Draghi's QE Measures Done Enough to Impress?
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European equities tumbled the most since the August selloff as the additional stimulus measures unveiled by the region’s central bank underwhelmed investors.
The Stoxx Europe 600 Index lost 3.1 percent at the close of trading in London, reversing a gain of 0.9 percent. The European Central Bank lowered its deposit rate, and President Mario Draghi said it will extend its quantitative-easing program until at least March 2017, including debt issued by regional and local governments. It didn’t, however, expand its monthly asset purchases.