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ECB’s Nowotny: Expect new TLTROs to have "substantial" impact

European Central Bank (ECB) governing council member Ewald Nowotny came out on the wires via CNBC, commenting on new TLTROs announced in yesterday’s ECB policy decision.

Key Headlines:

Expect new TLTROs to have "substantial" impact

Oil price is main mover of inflation

Substantial pickup in inflation seen for 2017

EUR/USD seen testing 1.10 if Fed delivers – Rabobank

FX Senior Strategist at Rabobank Jane Foley believes the pair could grind lower to the 1.10 handle in case the Fed hikes rates this summer. Key Quote
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Spain Markit Services PMI came in at 55.4, above expectations (53.5) in May

Spain Markit Services PMI came in at 55.4, above expectations (53.5) in May
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