Tag Archives: ECB

Weekly Market Outlook

It’s central banks’ easing time! On the back of severe disinflationary pressures due to oil prices,

EUR and GBP were both stable during the Asian morning at 1.1365 and

Euro-area bonds and equities rallied and the euro tumbled, as the ECB announced a big easing package.

The ECB has again surprised the markets by announcing an open-ended QE programme of monthly purchases of EUR60bn.

Today QE came. The size and pace of the program is a positive surprise to us.

EUR and GBP were little changed since the Asia open, edging higher from

We expect the ECB to announce government bond purchases of EUR750bn today.

Long yields finally saw a more sizable upward movement in the US and Germany,

Roughly two weeks ago Bloomberg ran a story citing ECB sources suggesting staff at

The Nikkei extended losses to 0.8% and USDJPY dipped below 118 as BoJ refrained from cutting rates.

Oil prices were falling again yesterday, but have not made new lows in more than a week,

A generally better set of China macro data failed to boost AUD as it dipped towards 0.817.