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The ECB meeting later today (745pm SGT), ECB President
Draghi’s press conference (830pm SGT) and the quarterly assessment report
are closely watched today. While growth outlook remains promising and is
likely to be revised higher, core inflation or wage growth has yet to
show sustained signs of uptick. We believe ECB will stick to its
accommodative stance and not rush to signal any hawkish shift. ECB Draghi
may even take opportunity to dampen market enthusiasm. Market
disappointment with ECB...
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