MADRID | The Corner | Trading trends in the Euro today are expected to be determined by the Euro-zone’s crucial CPI data. As happened yesterday with Spanish and German data, consumer prices are expected to do down in November, due to an energy prices drop. Will the European Central Bank feel any pressure to act? Then bad news could turn a blessing for financial markets.
MADRID | By Francisco López | Markets are taking for granted that ECB’s chairman Mario Draghi is going to act tomorrow. What is not that clear is to which extent he will do it. The last inflation figures on the euro area -a greater fall than the expected in May, standing at 0.5% and thus worsening deflation risks- represent a convenient opportunity for those ECB’s members claiming immediate bold measures.