So, is this a sign of confidence from the ECB?

We’ve sees some improved data of late from the US, China and the UK. IS the ECB banking on these green-shoots bearing fruit? One could take heart in that view, if they were a cockeyed optimist.

That will be the debate today. Is the ECB behind the curve or are they signalling a global upturn is imminent. If stocks can add to gains, the latter conclusion will be reached. At least for the near-term.