Insight into the ECB's decision
It’s time for another meeting of the European Central Bank and Mario Draghi’s press conference which starts at 12:30 GMT.
Analysts at BK Asset Management compare the euro zone’s economic data ahead of this meeting with those ahead of the July one. Their conclusion is that the data in the euro area isn’t too bad, and the negative impact on euro may be limited. At the same time, the ECB is still expected to sound dovish given the problems in the euro zone’s banking sector and low inflation.
To a table below we may add a slide in Italy GDP, which made the markets worry about the indebted economies of the region, and a decline in German factory orders reported yesterday.
Source: BK Asset Management