All eyes are on the ECB's policy meeting today,

Which will decide whether an overvalued euro and tensions with Russia will lead to further stimulus measures. Although most economists expect the ECB to keep interest rates on hold and refrain from large-scale QE at least for today, many banks predict that Mario Draghi may commit to buying ABSs. Draghi previously announced at Jackson Hole that the ECB's Governing Council will "use all the available instruments" to deliver price stability over the medium term.