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The ECB announced a comprehensive package focused on new liquidity and additional asset purchases measures to support households and firms facing increasing uncertainty.
Libra, Facebook's proposed global digital currency, has disappointed, with several partners abandoning the initiative and severe rejection by countless authorities on both sides of the Atlantic.
There was much curiosity surrounding Christine Lagarde's first press conference following a meeting of the ECB's Governing Council. This was not so much over the tone of monetary policy—which followed the same lines as in Mario Draghi's era—but over how she would act in a fractured field where some did not welcome her.
Overall, Mrs Lagarde’ first post-meeting press conference went as expected, with an outspoken communication style when talking about different issues not strictly related to monetary policy, and an unchanged line on the monetary policy stance.
Concerns are increasing regarding what is happening in the financial markets. Above all, this is because contagion is affecting all geographies and asset classes. This leads us to ask what is driving this new market collapse. Is it the Fed? China? What can we expect in the coming months regarding commodities?