Lagarde Unlikely to Comment on France at Post-ECB Q&A
Dow Jones10-23 13:21
0521 GMT - Nomura expects European Central Bank President Christine Lagarde to refrain from commenting on France at her post-ECB meeting press conference on Oct. 29. She is expected to "instead state that the ECB has the tools necessary to lean against unwarranted market moves that are disorderly and hamper the transmission of the ECB's monetary policy," says Nomura's analyst team. French government bonds have come under hefty selling pressure in recent weeks amid skepticism over the government's capacity to narrow its budget deficit to 5% of gross domestic product in 2027, particularly given recent violent protests.
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