ECB Set to Signal September Action, Pimco Says

The transcript discusses the European Central Bank's (ECB) upcoming meetings, with expectations for significant actions in September. It highlights the continuity in leadership with Christine Lagarde succeeding Mario Draghi and the potential for changes in monetary policy. The EU manufacturing slowdown is attributed to trade uncertainties and Brexit, affecting major exporters like Germany and the Netherlands. Market adjustments are already priced in, with strong momentum in yields and spreads, and limited actions available for investors.

What is the significance of the upcoming ECB meeting in July according to the discussion?

What adjustments is PIMCO making in response to the European economic slowdown?