The Daily Chase: Markets await U.S. Fed rate decision; IEA warns of oil shortage
BNN Bloomberg
U.S. futures are pointing to a positive open when trading resumes in North America.
EUROPEAN CENTRAL BANK HOLDS EMERGENCY MEETING
The European Central Bank has called an emergency monetary policy meeting just hours ahead of the Federal Reserve’s big announcement. The primary focus of the gathering is to “discuss current market conditions.” Following an emergency monetary policy meeting, the European Central Bank said it would apply flexibility to its reinvestments of Pandemic Emergency Purchase Programme (PEPP) redemptions “with a view to preserving the functioning of the monetary policy transmission mechanism.” The central bank is also telling its staff to prepare a new anti-crisis tool for approval to help fight unjustified moves in euro-area bond yields.
IEA SEES GLOBAL OIL DEMAND ABOVE PRE-PANDEMIC LEVELS NEXT YEAR
