Mario Draghi, the president of the European Central Bank (ECB), is unlikely to give too much away at his press conference this week amid a surge in economic uncertainty.
The Italian economist will speak once again following the ECB Governing Council's rate decision on Thursday, with the bank expected to be cautious to prevent any unwanted tightening of financing conditions. This means Draghi won't reveal much on any potential end to the ECB's massive bond-buying scheme, brought in after the euro zone sovereign debt crises to boost lending and stoke inflation.
The threat of a trade war triggered by President Donald Trump — with the U.S. set to impose tariffs on steel and aluminum — has spooked investors and business leaders alike.
The euro zone's central bank will also publish new staff projections Thursday, but given the still subdued inflation data, no major shift upwards in their inflation forecasts are expected, despite a blossoming economy.
Source: Bloomberg Pro Terminal
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Derivatives and margin trading involve a high degree risk level. You should not trade Forex and CFD unless you fully understand how it functions, what your benefits can be, what your risk is, and what you may lose. Please, note that the losses can be practically unlimited and that the initial deposit will not permanently limit the risk. You have to fully realize your financial status and make sure that trading in derivatives hides the risk of losing the entire amount invested. Invest only the amounts that you are able to lose.