The dovish minutes of the Fed’s last policy meeting has once again sparked hopes that the central bank may not shy away from QE3, triggering a wave of optimism in the broader market sentiment. However, speculation of an ECB intervention has ebbed following decent improvement in manufacturing PMIs of key European nations released earlier today. Though the Eurogroup chief assured one final chance to Greece to meet its bailout conditions, the German Chancellor insisted that a final decision should be delivered after the Troika’s report.
At home, traders keenly await tomorrow’s UK GDP data for some positive signals, as this week’s economic indicators have offered little reason to cheer.
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