ECB Stimulus Signal Sought as Euro Economy Sinks Into Gloom

• The European Central Bank will get much of the evidence it needs this week to justify adding more monetary stimulus as the resurgent coronavirus rampages across the continent.
• While economists and investors do not expect policy action at Thursday’s virtual meeting, they do want a signal from President Christine Lagarde that more support will almost certainly be coming before the end of the year.
• Confidence gauges are set to show businesses and consumers turning despondent as a second wave of the pandemic forces renewed lockdowns. Economic data will highlight falling prices and elevated unemployment, and the sole bright spot -- a strong summer rebound in the gross domestic product -- is already out of date.

(Source: Bloomberg)