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Draghi Just Got Three More Reasons to Play It Safe

  • ECB president is facing calls to change guidance on March 8
  • Risk of global trade war is weighing on investor sentiment
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ECB on 'Autopilot', Says Aberdeen Standard Investments' Athey

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Mario Draghi has just received a triple whammy of evidence to justify playing it safe when he meets with fellow European Central Bank policy makers this week.

U.S. President Donald Trump’s plan to impose tariffs on foreign steel and aluminum has raised the specter of a global trade war, and the anti-establishment surge in Italy puts a question mark over the political outlook for one of the euro area’s biggest and most-indebted economies. Meanwhile, the upswing in the 19-nation bloc may be hitting a speed bump.