European Central Bank President Mario Draghi has warned about even deeper recession. Louise Cooper of Coopercity thinks that Draghi has turned slightly hawkish last month and now he is back to being dovish. “The commentary today expects a rate cut from the European Central Bank (ECB)â€, he added.
Volumes in Europe are still down 30-40 percent and in American markets down 15 percent in the stock markets. Some fund managers may have used derivatives to get exposure to equities, believes Louise Cooper of Coopercity.
The European Central Bank (ECB) meeting today to discuss and decide on the eurozone economic data is an important event that the global markets are watching out for.
Louise Cooper, senior financial analyst, BGC Partners, says that it is all about QE at the moment. Bizarre expectations for QE are trying to boost the markets and yet there is a low float of skepticism as to whether QE will be of any use.
An impasse over Greece's debt and the mass downgrade of nine of the eurozone's 17 countries saw European stocks fall on Monday. What is worrying Louise Cooper of BGC Partners is that it’s not just one downgrade.
European markets opened on a quiet note today. Investors weighed in the recent economic data from the eurozone. The key triggers for tomorrow are the sovereign bond auctions for Italy and Spain and the ECBs statement on the interest rate.
Investors hoping equity markets would ride into the new year on the back of a Santa Claus rally may well be disappointed, says Louise Cooper of BGC Partners.
In an interview to CNBC-TV18, Louise Cooper of BGC Partners gives her outlook on how markets will play out ahead of the European Central Bank's (ECB) meeting today which is largely touted to cut interest rates.
Louise Cooper of BGC Partners in an interview to CNBC-TV18 said that this week has been exhausting for the markets. However, the weekend is still full of news. "We have got an election in Spain on Sunday which is likely to bring in a new left socialist government," she said.
There are two ways as to how the pendulum may swing in the eurozone, says Louise Cooper, BGC Partners.