Analysts at Nomura explained that the global focus is the ECB policy decision.
"Interest rates are firmly on hold, as is the asset purchase (money-printing) program, running at EUR30bn per month until at least end-September."
"But there is always interest in President Draghi’s press conference. ECB commentary in recent weeks has recognized the cooler Eurozone activity data, without changing the broadly upbeat outlook."
"But core Eurozone inflation has printed at 1.0%yr for the past 3 months, with Draghi et al at the previous meeting rebuffing a hawkish push to confirm an end to asset purchases in Sep. Newswire source stories strongly suggest no decision on this topic at today’s meeting and indeed probably not on 14 June either."
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