European capital markets and the rise in volatility  Four are the main drivers behind heightened uncertainty and excessive volatility in European capital markets in the months ahead: the upcoming US rate rise, the possible extension of the ECB’s quantitative easing programme, the turmoil in Chinese markets together with EMEs capital outflows, and global geopolitical risks (Ukraine crisis escalation, Jihadi terrorist rise, etc.).
As far as QE in the euro area is concerned, some voices in Frankfurt call for an increase BIS central bankers’ speeches  7  in the ECB’s QE from € billion monthly to € billion or more. While ECB’s policy has been accommodative, it has been much less accommodative than other central banks.