The ECB will be wary of killing the market rally as it holds fire on Thursday

The Frankfurt institution will likely stay put after last month's extension and enlargement of its PEPP , which climbed by 600 billion euros to 1.35 trillion euros.

Indeed, the ECB's bond buying in the final week of June fell to its slowest pace since the expansion of the program, according to data released by the ECB. That could suggest some "tapering" of PEPP in the future, especially if the economy does do better than expected. "The outlook is a little bit brighter than it was only two months ago," ECB Vice President Luis de Guindos said in a webinar organized by Goldman Sachs on July 8. He added that the most recent data points to "having perhaps a little bit more optimism with respect to the drop in the second quarter and the recovery in the third and the fourth."

quo vadis ECB? to inflation or a bail out of Deutsche Bank?

Yes. In the end this Lady says the Truth!

is this a rally of the final bubble ?

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