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Why the ECB’s surprise policy move is sending shivers through global stock markets

“Opinion: The OECD shows in its latest downgrade how interwoven the global economy is Want this type of analysis sent to your inbox?” writes Deputy Markets Editor for marketwatch.com. Of course, investors knew the eurozone economic outlook was nothing to write home about.This sort of diminished confidence filtering through countries and sectors is one major factor for the slowdown” in the eurozone economy.Stocks on Wall Street fell alongside European equities, underlining rising worries among investors that weakness in the global economy could prove to be a drag on U.S. growth.While analysts had expected the ECB president to strike a dovish tone, policy makers went much further than anticipated.
 
Source: marketwatch.com



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