European stocks plunge most this century after ECB underwhelms
European stocks posted their steepest drop this century as investors already reeling from the U.S. travel ban were left underwhelmed by the European Central Bank’s policy measures to combat the impact of the coronavirus.
BY Namitha Jagadeesh/ BLOOMBERG
The Stoxx Europe 600 Index dropped as much as 10% after the ECB’s decision to keep key rates unchanged, while boosting quantitative easing and liquidity tools. All 19 industry groups tumbled at least 9%, the travel and leisure extending its streak as the current sell-off’s biggest loser with a 13% drop.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
.jpg)
Scandinavia is in lockdown after latest spike in virus cases
For subscribers
