The European markets opened in red today, with FTSE -0.2%, DAX -0.4%, CAC40 -0.4% and FTMIB -0.6%.
The markets await once more the meeting and decision of the European Central Bank. Few analysts think, though, that they will announce new policies since they have already stated their intention to assess the impact of the last stimulus measures. Inflation has risen in October, signing a positive tendency. However, the markets will be watching the policy rate decision and any reference that EBC is considering to buy corporate bonds, which could have a negative impact on the euro. Also, the markets will be awaiting any comments on the rumors that some of the ECB members might be displeased with Draghi’s leadership style and communication strategy. The Bank of England also meets today to decide on its policy rate. No change is expected either.
Here is a list of today’s indicators and events.