There’s little point to a lengthy market summary Wednesday since the ECB’s QE decision will be the market mover on Thursday.
Already leaks have it the bank will announce a €52 billion per month bond buy (QE) through 2016 or €600 billion package.
Rumors exist that the structure will be unique given individual central banks will be responsible for administering the program. It’s hard to understand or know now if those banks would be on the hook for any problems.
We’ll be back on Thursday with a more complete rundown of events.
Let’s see what happens.
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