The European Central Bank (ECB) has reaffirmed its commitment to begin winding down quantitative easing (QE) operations by the end of the year.
This is despite what looks like choppy waters between now and the planned December end date. At a conference in Frankfurt on 25 October, ECB President Mario Draghi signalled that the bank wouldn’t be deterred by Italy’s looming confrontation with Brussels, Brexit risks or the current rout in capital markets.
The global trading environment has clearly changed since Donald Trump became President.
Trump's recent claim that he has achieved “more than almost any other administration in history” caused tittering from the world leaders gathered at the United Nations general assembly. While that statement is debatable, one thing he has done is to create turmoil with his America First trade war.