BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
Gold Shines on Oil Relief: Buy Dips at $4160, Targeting $4305 as Bullish EMAs Dominate 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Gold Slips Below $4050 as Bond Yields Surge to 4.7% on Fed Inflation Concerns – Sell Rallies at $4060 Targeting $3940 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
European Central Bank's (ECB) easing hint is doing its magic again through business community, which this have already been enjoying weaker Euro and improvement in domestic demand. Moreover, European Banks' survey indicated that banks are likely to use the additional fund from ECB's asset purchase program into lending and further cut in deposit rates would ease already declining interest rates further.
In Zew president, Professor Clemens Fuest's own words - "The outlook for the German economy is brightening again towards the end of the year. Economic pessimism appears not to have increased after the terror attacks in Paris. The currently high level of consumption in Germany, the recent decline in the external value of the euro, and the ongoing recovery in the United States are likely to bolster the robust development of the German economy."
In spite of recent turmoil and slowdown in global trade, it is more likely than not, that European bourses would perform better than their global market peers.
European blue chip index is currently trading at 3430, up 0.9% today and close to 10% for the year, compared to -0.5% YTD decline in S&P500.
