The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
*Weekend gloss begins to fade, as reality sinks in
-underlying structural trade issues remain & won’t be solved easily !!
-mkts back to worrying about global confidence & growth
*German 10yr Bund hit record lows at -0.36% as EU Manufacturing contracts again
-ECB Chief economist said, “essential” C/Bank responds to ensure 2% inflation
-“we can add further monetary accommodation if it is required”
-Dutch C/B Guv, “Governing Council stands ready to act decisively”
-so whilst 100bps…