ECB chief Mario Draghi essentially said he's willing to embrace any number of unorthodox approaches to staving off deflation in the euro zone
Livewire
ECB chief Mario Draghi essentially said he's willing to embrace any number of unorthodox approaches to staving off deflation in the euro zone. A look at the current movements in bond prices, equity markets commodity markets seems to suggest that markets are taking him at face value. Over the last few years we've seen several instances when all sorts of asset classes rallied inconsistently. And we usually saw them in the run-up to a round of quantitative easing-or asset buying-from the Federal Reserve. So perhaps markets are already pricing in fresh quantitative easing measures from the ECB in an attempt to stave off deflation. Should Draghi and the ECB fail to come through with actual action at its June 5 meeting, could this be a catalyst for a market sell off? Read More: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise