European Central Bank President Mario Draghi said on Wednesday that the bank's monetary policy stance remained accommodative in the face of weaker growth outlook for the euro area and that the weakness in external demand is unlikely to be severe. Speaking at the ECB Watchers conference in c said, "We are now seeing a more persistent deterioration of external demand." more...
Bank of America Merrill Lynch: Draghi boosts sentiment "Risk assets should outperform over the next 6 weeks as markets realize they may have overreacted in December. Still, the risk is that too much focus on the next meeting may lead to possible disappointment once again and continued volatility." the source
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