How to perpetuate the respite?
Edito This week’s ECB meeting reflected quite well the general sentiment of the markets. Indeed, concerns over the impact of COVID-19 have given way to the joy of seeing the economic recovery solidify as suggested the latest published statistics. Yet, the central bank’s support measures remain crucial to maintaining this economic momentum. The ECB’s “put†has certainly continued to support the financial markets this week with good performance across all asset classes. However, the risks remain numerous: beyond the sword of Damocles of the second wave of COVID-19, Italian sovereign rating downgrade could jeopardize the economic recovery and markets. Undoubtedly, the ECB would be ready to intervene with all the arsenal of available tools.