Latest news… Europe and the ECB: Inflation data considerably lower than expected = interest-rate cut from the ECB? European inflation dived yesterday to 1.2% compared with the expected 1.6%. A significant misjudgement by the analysts. No matter what, the poor data support the likelihood that the ECB will tomorrow relax its monetary policy. 61% of the economists expect, cf. Bloomberg, that the ECB will cut its interest rates. In the money market, a likelihood of approx. 70% of an
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Fed is expected to be non-event, We focus on ECB