ECB policymakers leaning toward rate cut, tearing, reinforced guidance in September - Reuters reports

Market news

3 September 2019

ECB policymakers leaning toward rate cut, tearing, reinforced guidance in September - Reuters reports

Many also support QE, but opposition from some northern states complicates discussion
Any ECB rate cut is likely to be accompanied by tearing
New ECB guidance will emphasize conditions needed for rate lift-off, deemphasized date component
Discussion about ECB stimulus package open, ongoing, no decision made

U.S.: Construction Spending, m/m, July 0.1% (forecast 0.3%)

U.S.: Manufacturing PMI, August 50.3 (forecast 49.9)

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