A Lot of Investors Have Given Up on Europe, Says Olney
Mario Draghi might have no choice but to extend his bond-buying plan. How he’ll achieve it is anything but clear. The European Central Bank president will hold a press conference on Thursday after his Governing Council sets monetary policy for a euro-area economy that’s looking in need of heightened stimulus for a while to come. Draghi might have cast an eye on Wednesday toward the U.K., where Bank of England Governor Mark Carney was criticized by lawmakers for hastily unleashing stimulus after the country voted to quit the European Union. UBS Head of Thematic Equity Strategy Karen Olney discusses Europe and Red rates with Bloomberg's Nejra Cehic and Manus Cranny on "Countdown."