Markit Recap – 10/22/2018

Chart

Mario Draghi, in a press conference confirming that market rate expectations were intact, stated that the risks to the eurozone’s economy are “broadly balanced”. His view may have merit, but there is little doubt that the situation is looking more precarious than a few weeks ago.

If negative sentiment does permeate the market and spark a comprehensive bout of risk aversion, it could be Draghi’s home country that acts as a catalyst.