Global Weekly: Mario missing the mark

News item -

Bond markets were focused on monetary policy this week, with a striking response to the ECB press conference. Equity markets remained supported by the earnings season.

Bond markets - No policy change expected

It seemed as if investors estimate monetary policy to be more important than political surroundings. As such, the focus shifted to the press conference of the European Central Bank on Thursday. The ECB’s President Mario Draghi tried to calm markets, but failed in doing so, as both yields and the euro exchange rate moved up during his press conference

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