European Economic Data Preview: Bank of England Minutes
European Economic Data Preview: Bank of England Minutes
The release of the minutes from the last meeting of the Bank of England headline the economic calendar in European trading hours. Mervyn King and company had embraced the rhetoric long espoused by perennially dovish MPC member David Blanchflower, moving aggressively to cut borrowing costs by a whopping […]
Deleveraging Continues as US Stock Market Futures Limit Down, European Shares Down Nearly 9%
Deleveraging Continues as US Stock Market Futures Limit Down, European Shares Down Nearly 9%
Deleveraging continues as funds flow away from stocks, commodities, and carry trades into the US dollar, Japanese yen, and Treasuries. Indeed, the US dollar has rocketed versus most of the majors, but the Japanese yen has proven to be even stronger as […]
In European Hands
In European Hands
Thursday morning brings a lot of fundamentals to absorb, including the Bank of England (07:00 EDT) and ECB (07:45 EDT) rate decisions, the Federal Reserve auction of Treasury debt, Home Sales (10:00 EDT) data from the U.S. and Canadian Building Permits (10:00 EDT). There will very likely be a lot of whipsaw action, […]