(Bloomberg) — Stocks slipped and the euro steadied as investors waited for the outcome of the European Central Bank meeting. Treasuries gained, while crude oil declined.
While the central bank is widely expected to keep policy steady, investors will be closely watching comments from ECB President Christine Lagarde for any hints on whether the stronger euro is becoming a problem for the region. The FTSE 100 Index led losses among European equities amid fears that Brexit talks are falling apart. U.S. futures indicated the S&P 500 will slide after yesterday’s rally.
The ECB later today is expected to release new economic projections that show the recovery is still highly uncertain, although some of the worst downside risks haven’t materialized. The projections for output and inflation will show only slight changes to the June outlook, according to euro-area officials familiar