

Markets are torn. Will the ECB hike this week or not?

Marc Chandler and James Foord discuss international markets, economies and currencies. Has the Fed conquered inflation?

The European Central Bank's job is not yet finished. Far from it. Our view is that the ECB will phase out reinvestments of its Asset Purchase Programme portfolio throughout 2023 by gradually removing the reinvestment cap.

Firms have turned to the European repo market amid an increase in volatility in the financial markets, which has encouraged participants to review their approach to risk. The increased use of European repo led the BrokerTec platform to post some significant milestones in May 2021.

Flash Eurozone PMI edges up from 47.8 in January to 48.1 in February. Manufacturing expansion gains momentum, helping offset further service sector weakness.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.