As of February 7, European stock markets were almost flat. The explanations from the European Central Bank President Mario Draghi supported the markets. Draghi said that European economy would recover after this year. As a result, in the light of the concerns related to the debt-crisis, FTSE 100 and Stoxx 50 fell by 1.06% and 0.74%, respectively, while DAX slightly rose by 0.13%.
- Earnings Concerns Lowered Japanese Stocks
- “The economic weakness in the euro area is expected to prevail in the early part of 2013” says Draghi