Dow Jones Industrial Average Followed European Shares Up After Big Sell-off The Previous Day
After a steep sell-off Wednesday, global stocks were mixed Thursday with Asian markets continuing the previous trading session’s sell-off as oil prices continued to fell. Meanwhile European stocks got a lift after European Central Bank President Mario Draghi hinted that further stimulus measures.
“The president is likely to voice serious concerns over recent financial market turmoil, having warned previously of external risks to the eurozone even when fears over China were easing,” Jennifer McKeown, senior European economist at Capital Economics, said in a research note.