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EUROPE
EUROPEAN CENTRAL BANK
The
ECB Faces a Balance Sheet Dilemma – BB
ECB
Preview: Don't Expect Fireworks Yet – ZH
Euro,
Bund Yields Spike As Draghi "No Longer Sees Urgency In Taking Further
Actions" – ZH
Hawkish
twist but full QE implementation is needed – Danske
Bank
Overall
dovish, with slight fine-tuning – Nordea
5 Things to Watch in the
February Jobs Report – WSJ
REGULARS
Asian equities were trading mostly
flat at the open with concerns over crude oil prices which fell to $50 levels
overnight. Traders are also waiting on China's CPI and PPI data.
ECB’s Draghi to turn more hawkish
today? * Upgrade of US payrolls forecast after strong ADP numbers * Euro rates
higher ahead of ECB today * USD higher on ADP figures
US job data due today is foreseen to
support the expected rate hike next week while in Europe the ECB today will
most likely announce to keep its interest rates stable.
Crude oil took its biggest plunge in
a year on Wednesday after government data showed US oil inventories kept rising
despite Opec's and non-Opec producers' efforts to cut production. Commodities
prices are widely under pressure in the run-up to an expected US interest-rate
hike next week.
Pre-ECB Squaring Lifts Euro in a
Strong USD Context
Brussels Playbook – Politico
Crude Plunges Below $49, Dragging
Markets Lower; All Eyes On Draghi
At today’s European Central Bank
press conference, ECB president Mario Draghi faces the tall task of insisting
that bank's policy is going nowhere for now and that the recent growth and
inflation pickup across Europe won’t have near-term signaling implications for
ECB guidance. Can he succeed?
FINNISH
EKP:ltä hienosäätöä * USA:n yksityisen sektorin
työpaikkojen määrän kasvu (ADP) ylitti odotukset * Kiinan kuluttajahintojen
inflaatio hidastui helmikuussa 0,8 prosenttiin * USA:n öljyvarastojen kasvu
sysäsi öljyn hinnan laskuun