- Today Mario Draghi will hold a last meeting as head of the ECB
- The EU can not decide on the duration of the new extension on Brexit
The main event today will be the ECB meeting, which will be the last for Mario Draghi. In November he will give up his post, Christine Lagarde. At the final press conference, bidders will watch for any signals about how monetary policy will adhere to the new head of the ECB. Mario Draghi is likely to signal a softer monetary policy in the face of declining inflationary pressures and a slowdown in the EU economy, which could put pressure on the European currency.
According to Bloomberg reports the final decision to grant a new extension on Brexit EU leaders will on Friday. EU leaders support the initiative for a stay, but have not yet come to a consensus as to its duration. Prevails initiative to defer for 3 months, but some EU countries believe that it is necessary to postpone Brexit for a few days. This will be enough for the ratification of the agreement and exit the UK from the EU. Today, the discussion of this issue will continue.
News, which you should pay attention today:
07:30 GMT. EU: Preliminary PMI manufacturing sector in Germany in October
11:00 GMT. Turkey: a decision of the Central Bank of Turkey at a rate of
11:45 GMT. EU: ECB decision on interest rates
12:30 GMT. EU: ECB press conference
14:00 GMT. US report on new home sales
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