Olaf Scholz – CD Media

Flight To Safety Takes A Breather On German Policy Move, Yields Reverse Course

CD Media StaffAug 16, 20190

German News Prompts Gains After a week marred by the largest flight to safety across assets since the financial crisis, markets broadly reversed course after Der Spiegel* reported that Germany, Europe’s largest economy, would be open to running a budget deficit if they went into a technical recession (two simultaneous…

Clashing Messages Over Euro Monetary Policy Hurt Stocks, Unrelated Automotive Earnings Disappointments

CD Media StaffJul 25, 2019July 25, 20190

Draghi Promises Cuts But Delays, Scholz Contradicts Draghi, Markets Reverse In what was received by analysts as a very dovish message, the European Central Bank’s Mario Draghi promised “accommodative” monetary policy in order to spur the weakening eurozone economy. The question is, why not now? Inflation remains well under target…