The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* ECB Draghi releases the doves, additional stimulus will be needed,
– “in the absence of any improvement” to the outlook for growth and inflation
– “further cuts in policy interest rates” post recent “materialisation of risk”
– ECB meet late July. 10yr German Bund -8bps/-0.32% record low
– Euro lower….continue to see no reasons to buy especially on yield differentials
* Globally rates lower, US 10yr -5bp/2.06%
* Trump said he…