Scoreboard: Eagle-eyed Draghi

Mario Draghi’s comments that the ECB is ready to act on Europe’s falling inflation took the markets by storm.

US markets were closed for the Memorial Day holiday and in the UK markets were closed for a bank holiday -- but there was plenty of action out of Europe. Much of it was sparked by comments from the European Central Bank’s President Mario Draghi, who suggested that the bank may take action next week to deal with what it sees as growing risks to the outlook.

“We need to be particularly watchful for … the potential for a negative spiral to take hold between low inflation, falling inflation expectations and credit, in particular in stressed countries,” Draghi said. 

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