Important ECB meeting today

Although bond yields eased a little, equity markets continued their downward correction yesterday and the trend continued in Asia. 

The inflation rate in China eased to +0.8%, but producer prices continued to accelerate, which could make it difficult for the central bank to relax its measures restricting credit distribution. 

The ECB meeting is the event of the day. The market seems to be anticipating the announcement of a reduction in ECB securities purchases, but we find it difficult to envisage the ECB reneging on the conclusions of its policy review one month after it began implementing them.

One way or another, the ECB should appear more dovish than the market expects, which could pull rates down and amplify the rebound of the dollar against the euro (1.1825 this morning). Also to be watched is the US jobless claims.

Share this news :

You might also read :

ES-power
March 2, 2021

EUAs retreated after a bullish opening

As expected, the European power spot prices continued to rise yesterday, lifted by forecasts of weaker wind output and French nuclear availability. Prices reached 53.30€/MWh…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]