Stock markets rally as Mario Draghi hints further stimulus on way

Markets rise sharply in belief ECB president will move towards negative interest rates and further QE to ease deflation fears

Mario Draghi, president of the European Central Bank, has helped calm jittery financial markets by saying he would not hesitate to take fresh action to boost eurozone growth and inflation.

Stock markets across Europe, which were already rallying after a turbulent start to 2016, ended the day sharply higher in the belief Draghi would deliver on his pledge at the ECB meeting next month.

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