The European Central Bank (ECB) is expected to increase the scale of its bond-buying programme after disappointing growth data for the Euro Area were published on Friday. Following strong US jobs data in October, the Federal Reserve may raise the key US federal funds rate for the first time since 2006, at its policy meeting on 15-16 Dec while Mario Draghi, ECB president, has given strong hints that the governing council may expand its €60bn a month asset-purchase program in December and also extend the programme beyond its intended run through September 2016.