Sept. 5 - Markets are transfixed by what Mario Draghi will unveil at Thursday's policy meeting. Commerzbank's Peter Dixon expects some outlines on a bond-buying programme, but few details.
Investors on edge in Europe ahead of tomorrow's ECB policy meeting a lack of appetite for low yielding sovereign debt. Sending Gordon's -- An auction failed to attract bids worth the amount office that may be a bullish sign for equities choppy trade sends stocks higher as investors switched to respond much. But really the only thing -- on people's minds is tomorrow's ECB meeting the talk of a new bond buying plan has transfixed the markets. But bank chief Mario Draghi is expected to outline from them detail its strategy. The tactic would keep pressure on politicians to bring that deficits and debts under control. It's quite obvious what mr. drug would want to do I think given. A -- hounds. The problem he faces of course as he shot some some pretty heavyweight opponents on the ECB council not -- against Biden and you all opposed to any form a bond buying scheme. Out of the tricky. We have to get right she's -- they -- that you can push for this bond buying scheme while keeping the Germans on slide -- until such times as a constitutional court signs -- -- -- In tune into agreement hopefully on 12 September you know it's going to be very difficult for to citing concrete. -- told you -- chairman of the Euro zone's seventeen finance ministers has unexpectedly been invited to attend a policy meeting he'll deliver his assessment. Of the region's economic and financial situation. When -- the ECB makes his decision Spain's prime minister Mariano Rajoy will be asking for Germany's support for a bailout when he meets Angela Merkel in Madrid. French president Francois all alone has Spain's Oscar for help before October. To give leaders time to consider -- before a major summit later in the month. ECB members will have time deciding the latest we CD reports on member economies before the policy announcement it's like you to show a further deterioration. In the outlook. In May the organization warned of a muted and I'm even recovery. That's it for now that's more on Reuters dot -- -- -- a platform. And join us throughout the week for -- -- today snapshot of the latest world music market headlines -- the problem is is -- --