Today the focus will be on the ECB's monetary policy meeting and the press conference of President Draghi. Deutsche Bank do not expect any serious statements or policy changes, but they nevertheless believe that the meeting will be interesting given the recent easing in macro data and political events in Italy.

"Perhaps Draghi could change the risk assessment from balanced to downward. Note that the preliminary composite PMI for the eurozone in October sank by 1.4 points m / m, being worse than expected and having noted the minimum value since September 2016. This may indicate that the economic slowdown in the summer was not so temporary. "