Just a reminder that ECB President Draghi is due to speak at 0700GMT. Draghi spoke on Saturday from the sidelines of the G20, with two minor, but notable changes in rhetoric.
From the Wall Street Journal (gated): European Policy Makers At Odds As Eurozone’s Economic Woes Deepen ECB Concerned Bolder Monetary Policy Won’t Work Without Government Moves to Revive Recovery It says: A standoff among the European Central Bank, Germany and … Continue reading
The German constitutional court handed the ECB’s OMT program legality baton over to the European Court of Justice and they are due to hold a hearing today. We’re still far away from an actual decision but the hearing will possibly … Continue reading
Obviously there could be other measures Must wait to see if ECB must tweak measures already taken Maltese central bank head Josef Bonnici on MNI
Something doesn’t add up. The landslide in European data continues. Stocks are finally waking up to that fact, the currency has woken up to that fact, but meanwhile Spain can still borrow for 10 years close to 2%. Even Italy, … Continue reading
Comments from Bundesbank President Weidmann: ECB rates shouldn’t stay low for longer than needed France and Italy are increasing reasons for concern Credibility of fiscal rules at stake if stretched more There’s a battle going on in the EU as … Continue reading
He’s right. It’s zero point three Says we could end up with deflation if there were new shocks The Sep final Eurozone HICP is out on Thursday.
The way the banks have begun to leak we’ll probably know well before the October test result day.
Here we go with the leaks of the upcoming stress tests as expected with Commerzbank the first to be reported as passing the tests. The banks have been having meetings with the EBA/ECB over the “methodology” of the tests but … Continue reading
USD is up because US economy growing faster than Eurozone Fed has no exchange rate target as far as I know Eurozone recovery is weak and fragile France must get deficits under control S&P outlook change is warning for France … Continue reading