# PRESS CONFERENCE

> ECB President Christine Lagarde and Vice-President Luis de Guindos held a press conference after the April 30 Governing Council meeting. ECB staff scenarios put euro area GDP falling between 5% and 12% in 2020, and inflation fell due to lower oil prices.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/53850-press-conference
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A deeper euro area contraction and lower energy prices weigh on demand for feed and fuel-linked commodities. Weaker euro-area demand is mildly bearish for European feed and biofuel demand.

## Read by commodity

- BRENT: bearish ▼
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-12-16 | [PRESS CONFERENCE](https://feedsoft.ai/events/43830-press-conference.md) | +0.6% | +1.4% |
| EURUSD | 2017-04-27 | [PRESS CONFERENCE](https://feedsoft.ai/events/71689-press-conference.md) | +0.4% | +2.8% |
| EURUSD | 2017-07-20 | [PRESS CONFERENCE](https://feedsoft.ai/events/70188-press-conference.md) | +1.0% | +1.6% |
| EURUSD | 2018-07-26 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/64238-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.7% |
| EURUSD | 2021-06-10 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/46806-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.5% | -2.8% |
| BRENT | 2020-02-25 | [COVID-19 Pressures Mexican Peso](https://feedsoft.ai/events/54791-covid-19-pressures-mexican-peso.md) | -7.6% | -55.2% |
| BRENT | 2022-04-25 | [Fed’s hawkish stance keeps commodity markets under pressure](https://feedsoft.ai/events/41759-fed-s-hawkish-stance-keeps-commodity-markets-under-pressure.md) | +2.8% | +6.8% |
| BRENT | 2024-07-19 | [Commodity prices falling for very different reasons - PricePedia](https://feedsoft.ai/events/4977-commodity-prices-falling-for-very-different-reasons-pricepedia.md) | -3.7% | -4.2% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2020/html/ecb.is200430~ab3058e07f.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.