Renewed Pressure On The ECB

 | Apr 10, 2014 02:08PM ET

Pressure continues to build on the ECB to act. As discussed earlier (


2. The French inflation report that came out today shows price increases which are materially below the central bank's target and seem to be trending lower. Disinflationary risks remain.

3. The euro is grinding higher, which is not great for the area's exporters and will put further downward pressure on prices.


4. China's slowdown will also have a negative impact on the area's economy because China represents the Eurozone's third largest export market outside of the EU. The fact that China's imports unexpectedly fell by 11% is not great news for the euro area's recovery.