Can Draghi produce a spark of life today?

Author: Mike Paterson | Category: Central Banks

ECB president Mario Draghi is due to speak at 13.00 GMT 29 May

Yes folks, it's a ray of hope amidst a session of apathy but we do have the Draghster scheduled to speak at 13.00 GMT and 15.00 GMT

I highlighted the appearance in my earlier data post that he is testifying to the European Parliament in Brussels.

This from the ECB website :

Introductory statement by the President at the Quarterly Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels

15.00 CET. Text will be made available on the ECB website

and

Introductory statement by the President in his capacity as Chair of the European Systemic Risk Board (ESRB) at a Hearing before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels

17.00 CET The text will be published on the ESRB's website. Webcast here

The first appearance is likely to be the best chance of any market-moving comments but be advised of both in any case.

EURUSD currently 1.1187 nudging session highs again. EURGBP 0.8710 EURJPY 124.53

I'm heading out now to enjoy the rest of my holiday. See you all back here tomorrow. Adam will be along shortly to cover the NA session.

              EU Parliament awaits the arrival of mighty Mario shortly

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose