European leaders agreed on Tuesday to nominate France's Christine Lagarde as the new European Central Bank President to succeed Italy's Mario Draghi.
Lagarde, a lawyer who became France's first woman finance minister, is currently the Managing Director of the International Monetary Fund, since 2011.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.