Goldman's Iain Lindsay Says ECB Preparing Markets Well

The transcript discusses the market's positive reaction to Draghi's recent moves, highlighting a potential ECB-Federal Reserve conference. It emphasizes the central bank's strategy of maintaining flexibility and its impact on bond markets, with yields declining. The discussion also covers the outlook for core versus periphery markets, noting that any formal change in monetary policy is distant, creating a risk-on environment, particularly benefiting riskier sovereign elements like Italy.

What was the market reaction to the recent statements made by Draghi?

What did the press conference mention about the upcoming conference between the ECB and the Federal Reserve?

How did investors respond to the central banks' statements regarding bond markets?

What is the outlook for core versus periphery markets according to the discussion?

What implications does the text suggest about quantitative easing and its timing?