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Yesterday’s statements from the ECB President did not provide anything new but were sufficient to dispel some fears that had been accumulating in the previous days. Mario Draghi reiterated the commitment of the Central Bank to take more extraordinary measures if the situation in the Eurozone worsen.
This morning, before the opening, was published the monthly change in industrial production in Germany, which grew in September 1:40% compared to forecasts of 2%. This variation does not offset the decline 3.10% in August.
In terms of results, Allianz reported higher than estimated earnings and raised its dividend. The steelmaker Arcelor Mittal also reported higher results than expected and kept its targets for 2014.
US markets fluctuate, while the unemployment rate unexpectedly fell to a minimum of six years.
The employment report is the main indicator of the labor market but has not provided the positive signals from other indicators.
The recovery of the labor market performed over the last two years has not been accompanied by a sharp rise in wages, which creates a certain restraint in consumption. Weak Wage inflation has been one of the reasons why the Fed keeps an accommodative monetary policy even before the increase in job creation.
Investors will also monitor the activities of the FED’s President Janet Yellen (15:15) and Vice-President Daniel Tarullo (19:30).
This morning, before the opening, was published the monthly change in industrial production in Germany, which grew in September 1:40% compared to forecasts of 2%. This variation does not offset the decline 3.10% in August.
In terms of results, Allianz reported higher than estimated earnings and raised its dividend. The steelmaker Arcelor Mittal also reported higher results than expected and kept its targets for 2014.
US markets fluctuate, while the unemployment rate unexpectedly fell to a minimum of six years.
The employment report is the main indicator of the labor market but has not provided the positive signals from other indicators.
The recovery of the labor market performed over the last two years has not been accompanied by a sharp rise in wages, which creates a certain restraint in consumption. Weak Wage inflation has been one of the reasons why the Fed keeps an accommodative monetary policy even before the increase in job creation.
Investors will also monitor the activities of the FED’s President Janet Yellen (15:15) and Vice-President Daniel Tarullo (19:30).
