Mario Draghi’s speech after ECB statement yesterday was held in mixed tone. On one hand, he downplayed last drop in CPI blaming food and energy prices. But on the other hand, he stated that ECB is preparing ABS purchases.
Today we start with light calendar and heavy sentiment.
Asian shares fall down on information that Obama authorized airstrikes on targets in Iraq. Also Russia is widening its trade embargo on EU products. Russian army threatens Ukrainian boarder and analysts are wondering if and when Russians will invade Ukraine.
Meanwhile, China trade surplus hits record highs with $47 bn versus 20 bn – 30 bn range in previous months.
Today Bank of Japan released its new statement on monetary policy, which stays pretty same as previous ones.
In UK home prices going up as home sales surges.
French industrial production went up by robust 1.3%, but it does not compensate previous month decline by -1.6%.
Business Insider says, that Americans withdraw money from high-yield bond funds and ETFs. According to BI, US money market funds are noting good inflows now.
