March 8, 2018 / 6:33 AM / 5 months ago

LIVE MARKETS-"Not much new information" expected from ECB

Welcome to the home for real time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts
on market moves: helen.reid.thomsonreuters.com@reuters.net
 
 
 
    "NOT MUCH NEW INFORMATION" EXPECTED FROM ECB (0632 GMT)
    Societe Generale strategists don't see today's ECB meeting as likely to deliver any huge
revelations, partly due to the central bank stepping on eggshells in a more jittery market.
    "The recent communication wobbles have largely been resolved, with the focus firmly on
keeping expectations of a first rate hike at bay," SocGen writes in a note. "Given heightened
market sensitivity, it is likely too early for the ECB to contemplate any changes in the APP
guidance."
    They reckon the new forecasts from the central bank could point to slightly higher growth
and inflation this year, but core inflation should remain unchanged. 
    "As before, we believe the ECB is moving dangerously slowly with its normalisation process,
not only running the risk of missing the window offered by the strong economic conditions but
also of undermining the role of monetary policy in future macroeconomic stabilisation efforts,"
strategists warn. 
    (Helen Reid)
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    MORNING CALL: TRADE FEARS FADE, EUROPEAN INVESTORS AWAIT ECB (0613 GMT)
    European shares are set for a calmer trading day today as fears about a global trade war
fade, with the U.S. administration giving signs the tariffs could include carve-outs for key
partners.
    In Europe all eyes will be on the ECB today as investors hope to glean further hints from
Mario Draghi about what will happen after September this year when the current bond-buying
programme is expected to come to an end.
    The FTSE is called to open flat at 7,158 points, the DAX is seen opening 23 points higher at
12,268 points, and the CAC 40 is expected to gain 16 points to 5,204 points. 
    (Helen Reid)
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