Brent crude oil prices remain under pressure today
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European shares opened lower this morning, but reversed their gains supported by better than expected PMI data. Currently, most European shares trade little changed. US Equities opened flat despite better than expected earnings from GE and Honeywell.
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The ECB will signal the future path of its quantitative easing programme in the fourth quarter, ECB's Nowotny said, suggesting a decision is unlikely at the September meeting.
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The euro zone's public finances have improved to their best level since the debt crisis with the overall government deficit dropping to 1.6% in the first quarter from 2.3% at the end of last year. Total government debt however inched up to 91.7% of GDP from 90.7% at the end of 2015.
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France's top court has ruled today that IMF chief Christine Lagarde must stand trial in France over a 2008 arbitration ruling that handed 400 million euros to a politically‐connected business magnate.
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Brent crude oil prices remain under pressure today, hovering around $46/barrel and testing key support levels around $45;90/barrel. The WTI remains under pressure too, trading at its lowest level in more than two months ($44.50/barrel).
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During the weekend, G20 Finance Ministers and Central bankers meet in China.
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