The market is expecting that the European Central Bank (ECB) and its President Mario Draghi will deliver a stimulus plan today. That expectation appears to be unlikely to happen with an aggressive tone. The economy is displaying more symptoms of deficiency while the inflation rate is not increasing and the U.S.-China trade conflict has not progressed as much as markets anticipated. So the question now is how the ECB will handle this situation? The current economic numbers are not supporting any particular positive momentum, however, the leading indicators are now showing more stability. The European Purchasing Managers’ Indexes are pointing towards a more positive situation, even though the instability continues in the manufacturing sector.
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Daily Analysis - 12/09/2019