European Central Banks (BoE & ECB) Take Different Paths
Global capital markets focused on issues related to Europe for the balance of the week, as better than expected economic data out of the US during the weak help lift riskier assets. Markets seem to price in in-line employment data after absorbing important monetary policy changes from the Bank of England. The disappointment over no-change [...]
BOE Stands Pat, as the Economy Moves Forward
The Bank of England kept rates on hold as widely expected. While there has been much discussion, if not consternation, over the possibility of QEII in the US, many observers have missed the creeping talk, in part encouraged by BOE Governor King, of another round of asset purchases by the BOE. Similar to the Fed, [...]
EuroZone upbeat on positive economic data
The Euro today declined from the high of 1.4440 which was made on December 31, 2009, to take a rebound beyond 1.4335, last seen around 1.4350, as fresh Manufacturing data lent confidence that the Euro Zone economy was upbeat. The Euro Zone manufacturing PMI rose slightly to 51.6 in December compared to the previous month, [...]
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