Eurozone: Focus today will be on the ECB minutes - TDS

Research Team at TDS, suggests that the focus today will be on the ECB minutes from the September meeting, where Draghi  pushed back any conversation of extending QE to later in the year.

Key Quotes

“Draghi said quite explicitly during the press conference that the Governing Council did not discuss extending the asset purchase program at all – that it discussed the new macro forecasts and the macro outlook but “didn’t discuss anything else.”

So markets will be watching closely to see if any of the language around the inflation or growth forecasts, or developments in financial markets, give any strong suggestions as to what the ECB may do next with regard to extending QE and dealing with the bund scarcity issue.”