The record of the ECB’s December meeting was released, and there are two takeaways. The first is that officials may have been more concerned with the deteriorating situation than they let on at the time. Apparently, paring near-term growth forecasts was seen as a sufficient signal that risks were increasing. This allowed Draghi to maintain …
Overview: Equities, bonds and the dollar are consolidating the moves seen earlier this week. This means equities are trading heavy and bonds firmer. The euro is paring gains that carried it to its best level (~$1.1570) since mid-October. After stalling near JPY109 in the last two sessions, the greenback slumped to almost JPY107.75 before finding …
Equity Bounce Stalls while the Greenback Steadies at Lower Levels Read More »