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Markets Are Quiet Ahead Of The ECB

Joe WeisenthalJun 5, 2014, 13:57 IST

REUTERS/Francois LenoirEuropean Central Bank (ECB) President Mario Draghi waves as he arrives at an eurozone finance ministers meeting in Brussels February 17, 2014.

Good morning!

Once again, markets are very quiet.

The big event today, coming up later this morning, is the ECB decision. There is a widespread belief that the ECB is going to ease monetary policy in some matter, while trying to boost lending.

Both commentary from top officials and a raft of disinflationary data support this, and the market would be stunned if it didn't happen.

In the meantime, everything is pretty much flat. The low volatility continues.