Photo: Wikimedia COmmons
Today is BIG for Europe.Later this morning, the ECB will come out with its next monetary policy decision, and lots of people are expecting substantive action in terms of doing something to reduce peripheral borrowing costs.
That’s because late last month, Mario Draghi had some strong words about how high peripheral borrowing costs were impeding monetary policy, and thus becoming an issue to be dealt with under his domain.
Meanwhile, markets in Europe are generally slipping. Italy is down 0.6%. Spain is down a little less.
US futures are going nowhere.