Why the ECB’s surprise policy moves sent shivers through global stock markets

Blame the world, at least in part, Draghi said in his opening statement, citing “the persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets.”

While there are homegrown factors behind the eurozone economy’s slowdown, including the woeful performance of Germany’s auto sector, the external factors are mostly down to a slowdown in world trade thanks to China’s own slowdown and other concerns, including the potential for a slowdown in the United States. [Source]