ECB Easing is a Coming … Timing up For Debate
With FOMCers in purdah ahead of the July meeting, the ECB gathering is the main event this week (Thursday). There is a chance of a rate cut which WIRP suggests at just over 50%. This we think is overdone although another ‘getting ahead of the Fed’ easing might be thought prudent.
The EUR Week – Bias is Neutral-to-Bearish
After last week's bad ZEW, the German slate will garner attention this week via the flash PMIs on Wednesday and the IFO Thursday. Note the composite is seen lower. However, Thursday's ECB is of course main event.
CEEMEA Sovereign Euro Bond Issuance at Record Highs, CBs to Fuel More
The rising tide is lifting all boats when it comes to CEEMEA bond markets, sparked by expectations of looser policy from the world's major central banks.
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