Sports

European markets functioning well, ECB attentive to FX movements, Lagarde says

Euro zone financial markets are functioning well despite global turbulence and the European Central Bank is ready to deploy its financial instruments to maintain financial stability if necessary, ECB President Christine Lagarde said on Friday. Markets have endured a brutal week, marked by the eruption of an all-out trade war and a bond market selloff that has ignited fears of a global recession and shaken confidence in U.S. assets. "In Europe and in the euro area in particular, we have observed that market infrastructures and... the bond market (are) functioning in an orderly fashion," Lagarde told a press conference in Warsaw.

Euro zone financial markets are functioning well despite global turbulence and the European Central Bank is ready to deploy its financial instruments to maintain financial stability if necessary, ECB President Christine Lagarde said on Friday. Markets have endured a brutal week, marked by the eruption of an all-out trade war and a bond market selloff that has ignited fears of a global recession and shaken confidence in U.S.

assets. "In Europe and in the euro area in particular, we have observed that market infrastructures and..

. the bond market (are) functioning in an orderly fashion," Lagarde told a press conference in Warsaw..