EU drop continue...

what the market was focusing on was the ECB's inflation expectations, and it was here that the ECB confirmed that the central bank with the world's biggest balance sheet has once again failed to stimulate inflation, slashing its forecast for 2017-2019 inflation across the board, blaming it on commodity prices. The new forecast is as follows:

2017: from 1.7% to 1.5%
2018: from 1.6% to 1.3%
2019: from 1.7% to 1.6%