Stock Markets Modestly Risk-off as ECB Fails to Unveil Monetary Policy Outlook

Equity markets suggest that investors are in modestly "risk-off" mode. Wall Street dropped with DJIA and S&P losing -0.42% and -0.36% respectively. European shares were mixed with Germany's DAX adding +0.4%, UK's FTSE slipped -0.4%. Shares in Lufthansa slumped -6% after issuing a profit warning. Bank stocks rallied after ECB President Mario Draghi indicated that backstop is a "very useful" way to handle non-performing loans (NPLs).

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/stock-markets-modestly-risk-off-as-ecb-fails-to-unveil-monetary-policy-outlook-2016072233317/