There are some speculation in the markets that Draghi is expected to announce some kind of private at ECB meeting next Thursday. Other says he needs more time to asses the impact of the steps already taken. However, Draghi will probably reiterated everything we know so far and stress again that structural reforms must be completed along with tax stimulus by the governments.
Markets should have in mind that yields on 10-year German debt fell a basis point to a record closing low of 0.943 percent, while negative yields on two-year paper meant investors were paying for the pleasure of lending to Berlin. The rally on the periphery has been even larger with 10-year yields down 8 basis points on Spanish bonds and 5 basis points on Italian paper. Should the lowest yields in EU call for more stimulus like or not? Spain pays less for its 10 year debt than USA, just for information.