YOU CAN’T ALWAYS GET WHAT YOU WANT (HAPPY BIRTHDAY MICK)
Edito Given the market’s reaction to M. Draghi’s press conference, one can wonder what was actually expected from the ECB ... The big question is now whether Jerome Powell will be subject to similar treatment next week. A rate reduction, which is certainly in the cards in order to preserve market balance, could be considered insufficient by a market which is definitely very impatient. During the week before the interruption in our publications, we will be spoiled by US GDP, European inflation and the Caixin. How’s that for setting the tone for the Summer break?