Perhaps the most important number coming out of the developed world was Europe’s February inflation turning negative. This prompted expectations of aggressive action by ECB president Mario Draghi at the central bank’s 10 March meeting. At the time of writing, the markets are coming off a little following what was a few hours ago a very positive reaction to the various stimulus measures announced by the ECB.
Published in Investment Letter, March 2016
The views expressed in this communication are those of Peter Elston at the time of writing and are subject to change without notice. They do not constitute investment advice and whilst all reasonable efforts have been used to ensure the accuracy of the information contained in this communication, the reliability, completeness or accuracy of the content cannot be guaranteed. This communication provides information for professional use only and should not be relied upon by retail investors as the sole basis for investment.
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