ECB in focus this week after failed Doha talks – Danske Bank

Research Team at Danske Bank, suggests that there are no major data releases today.

Key Quotes

“But financial markets will be digesting the impact of the failed oil talks in Doha and whether this will give rise to a renewed downward trend in the oil price that could weigh on commodity producing countries and risk assets in general.

Markets will also be looking forward to this week's ECB meeting on Thursday. We do not expect any policy changes but we believe Draghi will sound dovish as inflation expectations are still very low and the effective EUR is stronger. Specifically we expect Draghi to re-open the door for rates cuts.”