ECB's de Guindos: Inflation expectations quite anchored

European Central Bank (ECB) Vice President Luis de Guindos said on Thursday that inflation expectations in the eurozone were "quite anchored," as reported by Reuters. 

"Fragmentation goes beyond sovereign spreads, affects household loans," de Guşndos added.

Market reaction

EUR/USD recovered modestly but continues to trade deep in negative territory. As of writing, the pair was down 0.3% on the day at 1.0410. Meanwhile, the Euro Stoxx 600 Index is down more than 1.5%, showing that safe-haven flows continue to dominate the financial markets.