Watch Live: Mario Draghi Explains Why The ECB 'Taper' Is So Positive

Having left rates unchanged and confirmed the tapering of QE, there is only one thing left for the former Goldmanite to do - explain to the masses why this is all so positive and no reason at all to worry about rationality-shattering bond yields across the eurozone (and beyond).

Frontrunning: December 14

  • Disney Agrees to Buy Fox Assets in $52.4 Billion Deal (WSJ)
  • The Fed Isn’t the Tax Cut’s Enemy (WSJ)
  • The Republicans’ Problem Is Bigger Than Alabama (BBG)
  • ECB Leaves Rates Unchanged and Sees QE to September or Beyond (BBG)
  • A Christmastime Tax Cut for Some, a Lump of Coal for Others (WSJ)

What To Expect From The ECB

The European Central Bank (ECB) will issue its latest monetary policy decision on Thursday, unanimous expectations look for the Bank to stand pat and leave its three major interest rates unchanged (deposit facility rate -0.40%, main refinancing rate 0.00% marginal lending rate 0.25%).

Disney Agrees To Buy 21st Century Fox Assets For $52.4 Billion

After weeks of mounting speculation - and a rumored competing bids by rivals Comcast Corp. and Verizon that never materialized - Disney and 21st Century Fox announced early Thursday that the former would acquire most of the latter's entertainment assets in a deal worth $52.4 billion

BoE Preview: "Should Be A Non-Event"

As DB's Jim Reid writes, the BoE meeting due in minutes, should be a non event as recent inflation prints and macro data were broadly in line with consensus. Notably, any discussion on what the Brexit breakthrough on Friday might mean for policy could be the most interesting feature.

"Loonie Longs Are Set For A Painful Dose Of Reality": Trader

"After seven weeks of consolidation, the Canadian dollar is due for another major leg of weakness.  FX traders aren’t paying attention to what’s happening to Canadian oil markets but they’ll be forced to wake up soon enough."

Mapping World War In Syria & Iraq

For some time now Syria and Iraq have been a place where interests of many players are clashing. The region is being devastated by civil war or a war by proxy, fought by a number of participants, where the borderline between friend and foe is sharp or vague as the case may be...