Unsurprising decision by the ECB

The ECB has done pretty much what was expected of it, judging by the small drop in bond yields and the stability of the euro that followed its announcements (EUR/USD @ 1.1830). It will start to reduce the additional purchases of securities decided in March, after having revised its growth and inflation forecasts upwards, but remains very cautious and convinced that the inflationary surge will remain temporary (see our News published yesterday).

The decline in US jobless claims is accelerating, which seems to confirm that the slowdown in job creation seen in August will not last. UK GDP was almost flat in July (+0.1%) due to quarantines imposed by the recovery of the epidemic. French industrial production rose again in July, but remains 5% below its pre-crisis levels (-27% in the automotive sector).

On the menu today, a few speeches by central bankers from the Fed and the ECB and the US producer price figures, still expected to rise in August

Share this news :

You might also read :

February 7, 2022

Rates continue to rise

The US 10-yTreasury yield is settling above 1.9%, while European long rates continue to rise after last week’s BoE and ECB meetings. Markets are now…
December 21, 2021

Erratic market movements

Asian equity markets have initiated a rebound that could continue in Europe and the US. Long-term rates are also slightly higher, with the US 10-year rate…
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?