Weidmann - Developments warrant stimulus review

Bundesbank’s Weidmann was back on the wires stating the developments warrant stimulus review; something the ECB President Draghi said at January meeting.

Meanwhile, Germany’s Schaeuble said the EU is not in the best shape, given the enormous geopolitical risks. He added the road of too easy monetary policy leads to misfortune and the signals over Fed policy do not provide clarity.

Key Quotes by Weidmann

ECB will discuss action before what tools to use

Any ECB measures mustn't be counterproductive

Gold jumps from four-day high to 1-1/2 week high

Gold prices hit one-week high in early US session and extended gains to 1-1/2 week high of $1246 levels on the back of USD selling and risk-off in the US equity index futures.
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