The euro is hovering near a four-month low on the expectation the European Central Bank (ECB) will today take steps to tackle the threat of deflation and lacklustre growth in the eurozone.
Investors have today called on the European Central Bank to loosen monetary policy after inflation in the eurozone tumbled last month.
The European Central Bank is set to shift to a negative deposit rate for the first time in its history, German newspaper Der Spiegel has reported.
European equity managers are rotating into quality stocks with global exposure as the European Central Bank (ECB) prepares to combat a buoyant euro.
The pressure points in markets as ECB prepares for action
The average strategic bond fund now holds less than half its assets in the UK, as managers "starved" of opportunities rotate into Europe, the US, and emerging market debt.
Bond managers are becoming more bearish on peripheral Europe corporate debt, turning to core names and the US as spreads tighten to post-crisis lows.