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)