MNI EXCLUSIVE: MNI looks at talks on boosting defence at an EU summit

SX7E (21st Mar) 175/165ps 1x2, bought for 1.4 in 6k.

The final questions of the Cipollone event hosted by MNI: 

• Q: Given all the uncertainty, how do you sit down and make a decision come the next meeting? It’s hard to make a decision when these things aren’t concrete, but there are some channels (e.g. confidence ) where it does have some reaction?
• A: We are still predicating the economic recovery on consumption, but this process is still slow. The real side is not very promising.
• If China gets strong tariffs, they must send their goods somewhere, probably in the Eurozone. With two effects: Reducing the demand for domestic goods, and dampening import prices. This has a strong impact on inflation.
• I don’t know what will happen with oil and gas prices. I want to see the work of my colleagues at the ECB and then we will come up with a decision (even though I am considered a dovish person).

0QH5 95.93/96.06/96.18/96.43c condor, bought for 3.5 in another 5k, total 10k screen and pit.