The most expected the last ECB’s meeting of the year. The reason is expected the ECB's economic and inflation outlook to deteriorate, which will be the most-watched figure for investors during Christine Lagarde's accompanying commentary after tomorrow's ECB meeting. Analysts also predict the increase of the stimulus to the current € 1.35 trillion by another €500 billion by the end of 2021. If ECB expands its bond-buying program, it will be 70% of bonds issued by eurozone countries.

Positive sign is today’s the European Union's economic growth by a record 11.5 per cent in the third quarter compared to the previous three months by the statistical office Eurostat. He thus revised his November estimate, according to which growth was 11.6 per cent. The EU economy recovered significantly from the downturn in the second quarter when gross domestic product declined by 11.3 per cent due to the Covid-19 pandemic.

The pro-exported eurozone has also problem with too strong euro. The euro has now risen to its highest level since 2018 at 1.21 EUR/USD.

Performance of EUR/USD (Source: Tradingview.com)