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- Focus on ECB Minutes – TDS
Focus on ECB Minutes – TDS
TD Securities' analysts point out that ECB will release the minutes from its 10 April meeting at 7:30 am ET (11:30 GMT) and this will be a key event for today.
- While President Draghi hinted in his press conference that all instruments would be "live" at the upcoming June meeting, the minutes are likely to provide few details on his thinking, while reiterating that TLTRO details are due to be announced in early June.
- It's also worth bearing in mind that the meeting was held before the above-trend Q1 GDP data was released, so some of the expected cautious tone will be somewhat out of date. The ECB's Nowotny speaks at noon ET.
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