Jerome Powell nomination as President of the Federal Reserve has not created a disruption*. He was in Janet Yellen’s line on macroeconomics and on monetary policy. Nevertheless he is perceived as more market friendly on regulation than Yellen.
As largely expected, the European Central Bank confirmed a plan for tapering its asset purchasing programme, reducing monthly purchases down from €60 billion to €30billion, from January and up until the end of September but beyond also if necessary. The majority of the reduction should be in government bond purchases with the corporate credit purchases relatively unchanged.