Its been quite volatile in the Equity space as the past few days have all lead to big 3 digit swings in the Dow, as well as similar percentage moves in the other indices as bulls and bears fight it out. Markets are being kept up by the expectation of QE from the ECB this Thursday, and so far it is not a definite they will undertake the program, but if it doesn't happen this month, it is very likely to happen next month.
Data in general has been poor so far this year, with manufacturing and services data both in the UK and US coming in weaker, but this has been countered by FED comments that rates are unlikely to rise until the end of the year or beginning of 2016.
Not much movement in STIRs, as everything remains very flat, as Bunds hit over 157 for a yield of around 0.4%!
Its been slim picking so far this year to find anything to trade with much certainty, its a matter of being patient and waiting for those opportunities to come. Today is a quiet one, but data will be coming through from tomorrow with the main highlight being Thursday ECB press conference. The main benefactors will be the stock markets on any QE, and the Euro will be the victim, leaving the way for it to drop to 1.10 against the dollar.
Data in general has been poor so far this year, with manufacturing and services data both in the UK and US coming in weaker, but this has been countered by FED comments that rates are unlikely to rise until the end of the year or beginning of 2016.
Not much movement in STIRs, as everything remains very flat, as Bunds hit over 157 for a yield of around 0.4%!
Its been slim picking so far this year to find anything to trade with much certainty, its a matter of being patient and waiting for those opportunities to come. Today is a quiet one, but data will be coming through from tomorrow with the main highlight being Thursday ECB press conference. The main benefactors will be the stock markets on any QE, and the Euro will be the victim, leaving the way for it to drop to 1.10 against the dollar.
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