RFEU - Lower For Longer

• The virus is once again raising the prospects of slowing the economic recovery that was unevenly unfolding.
• The ECB's new forward guidance signaled that bond purchases and low rates will prevail until the staff forecasts that the 2% target can be sustained.
• Discussions about the pace and composition of the Fed's bond-buying will continue.
• The US will report June personal income and consumption figures ahead of the weekend, but the data will already be embedded in the GDP estimate.

For further details see: