US and Asian shares fall after Draghi disappointment

Markets around the globe sold-off overnight after ECB President Mario Draghi failed to provide the stimulus the market had expected to tackle the eurozone crisis.

A speech by Draghi yesterday fell short of expectations on stimulus for markets, with the head of the ECB revealing divisions remained among policymakers. The lack of direct support for markets from the ECB itself spooked investors, causing a sell-off in equities across Europe, and it was a similar story overnight as US and Asian equities also retreated. The S&P 500 closed down 0.7% at 1,365 points, while the Dow finished off 0.7% at 12,879. In Asia, Japan's Nikkei 225 was also weaker, closing down 1.1% at 8,555, while the Hong Kong Hang Seng ended the session 0.9% lower at 19,514....