Markets Moving Sideways ahead of ECB Meeting
napara111Investors stand on the sideline ahead of the ECB meeting with commodities moving sideways in European morning. While speculations of re-activation of bond purchases heightened after ECB President Mario Draghi said on July 26 that policymakers are ready "to do whatever it takes to preserve the euro", such hopes have waned in recent days. Crude oil prices have been directed by macroeconomic developments and especially the sovereign debt crisis in the Eurozone with the supply/demand balance being neglected in recent weeks.
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Markets Moving Sideways ahead of ECB Meeting
