DAX 30: Will Cutting Rates and Adding More QE Be Enough?

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DAX 30: Will Cutting Rates and Adding More QE Be Enough?

Postby kreslik.news » Wed Mar 09, 2016 7:52 am




Talking Points

  • The DAX 30 is muted as traders appear to be waiting for today’s ECB meeting.
  • The deposit rate is expected to be reduced by 10 bps, and it is likely that QE will be expanded by 15 billion euros, with 2/3 of economists expecting a tiered deposit rate to be introduced (Bloomberg news poll).
  • The overall trend is bullish since mid-February.

The DAX 30 is trading sideways this morning as traders appear to be waiting for the outcome of today’s ECB meeting.
A Bloomberg News poll projects the ECB Deposit Facility Rate to be reduced from -0.3% to -0.4% and ... (read more)

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