Rolling coverage of the latest economic and financial news, as the European Central Bank ponders fresh action to help the eurozone economy

Hopes of a trade war breakthrough are growing after the US surprisingly delayed its latest tariffs on imports from China.

Donald Trump announced that plans to hike the tariff on $250bn of Chinese goods, from 25% to 30%, will be delayed for two weeks.

At the request of the Vice Premier of China, Liu He, and due to the fact that the People"s Republic of China will be celebrating their 70th Anniversary....

....on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

This will be Draghi’s last meeting as the head of the Bank before he passes the baton on to Christine Lagarde. The only debate is about the form of the easing that will be provided. How swiftly things change: it was all so different 18 months ago.

At the start of 2018, everyone was optimistic about the Eurozone’s prospects. After a year of stellar growth (for the Eurozone at least) in 2017, the path seemed clear for the ECB to prepare the ground for lift off. After a decade in the doldrums, the economy was booming and the ECB could taper its asset purchases and start to push policy interest rates up from historic lows.

European Opening Calls:#FTSE 7375 +0.50%#DAX 12433 +0.59%#CAC 5649 +0.55%#MIB 22026 +0.61%#IBEX 9106 +0.51%#STOXX 3537 +0.58%

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