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Mario Draghi not expected to decide on an interest rate cut yet – Adam Narczewski

The recent crisis developments in Cyprus as well as unfavorable Eurozone economic data are not sufficient reasons for the ECB to cut rates in April, in the opinion of Adam Narczewski. The analyst believes that an announcement of other measures to stimulate the economy would be more possible.
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US: ISM Non-Manufacturing PMI disappoints at 54.4 in March

Below market expectations, the ISM Non-Manufacturing PMI in March fell from 56.0 to 54.4 when consensus was pointing to 55.8.
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