Could 'easily prove fatal'
Worst quarter in several years in Q4
Fell by $4trn since January 2018
Interest rates held
QE expected to finish at year end
The European economy has proved a major disappointment this year. Investors started 2018 full of optimism.
Fixed income investors could face a challenging end to the year, as the combination of shrinking central bank balance sheets and still solid growth data could be a headwind for bonds.
Navigating a volatile market
How have they performed this summer?
Rate rises will be slower than predicted
Eurozone inflation eased back to a rate of just 1.1% in February. As in the US, there is some indication of a modest pick-up in wage growth, and this has in the past been closely associated with the rate of inflation in the service sector.
'Could Draghi leave office without ever hiking rates?' Interest rates set to remain unchanged until end of summer 2019
ECB to extend APP to end of 2018
We had a glimpse of the potential market implications of a more eurosceptic Italian government in recent weeks.
2018 has seen another spring dominated by political manoeuvrings, in particular the return of 'The Italian Question'.
Decision on Thursday
Before the Italian President Sergio Mattarella rejected the proposed eurosceptic finance minister Paolo Savona, many market commentators were saying that a yield of 2.5% for 10-year Italian sovereign bonds is a key level for the European Central Bank...
Five 'radical' changes
Growth optimism remains at low levels