BCE reduz estímulos em 2018
U.S. stock markets rebounded while in Europe the tone was mixed. In sovereign bond markets, 10-year yields nudged down in the U.S. and edged up in the Euro Area. In FX markets, the euro appreciated and closed above 1.20 dollars.
The account of the ECB's December meeting revealed that policy makers are preparing adjustments to the ECB's forward guidance, which investors expect to be the preliminary step before net asset purchases are phased out by the end of 2018.
In Spain, industrial production kept growing at a strong pace in November with a 4.2% year-on-year increase (October: 4.4%). Today, December's final CPI inflation is released.
In oil markets, the barrel of Brent reached an intraday maximum of 70$ for the first time since 2014 as U.S. inventories registered a new decline.