ECB press conference more important that rate decision

European Market Update: Gold bug heaven as chatter that Chinese fund managers behind price moves in Gold and USD; ECB press conference more important that rate decision; OECD sees recovery taking place sooner ECONOMIC DATA - (SW) Swedish Riksbank's Interest Rate Decision kept interest rates unchanged at 0.25%; as expected - (FR) French Q2 ILO Unemployment Rate: 9.5% v 8.9% prior; Mainland unemployment Rate: 9.1% v 8.5% prior, Mainland unemployment Change: 184K v 201K prior - (CZ) Czech Avg