- Downside risks have increased, says Mario Draghi early in his prepared remarks at his post-ECB meeting press conference. That's code for more stimulus is on the way.
- The Stoxx 50 (NYSEARCA:FEZ) has skied to a 3% gain, led by Italy (NYSEARCA:EWI) up 4%, Spain (NYSEARCA:EWP) up 2.4%, France (NYSEARCA:EWQ) up 2.3%, and Germany (NYSEARCA:EWG) up 2.3%.
- The euro (NYSEARCA:FXE) naturally is headed south, now off 0.75% to $1.0806.
- ETFs: FXE, VGK, EUO, FEZ, HEDJ, ERO, IEV, EPV, EZU, DRR, FEU, EEA, EUFX, EURL, ULE, FEP, UPV, DBEU, URR, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HFXE, HEGE, HGEU
- Earlier, the ECB left rates unchanged.