Investors Disappointed by ECB Rate Cut, Draghi's Comments

Financial markets slumped as investors believed the measures announced by the ECB were not sufficient to stabilize the liquidity problems in the Eurozone. Wall Street declined with DJIA and S&P 500 losing -1.63% and -2.11% respectively. In the commodity sector, crude oil prices tumbled with the front-month contracts for WTI and Brent crude slipping -2.14% and -1.30% respectively. Gold also plummeted in tandem with others in the sector.

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Investors Disappointed by ECB Rate Cut, Draghi's Comments