Market Debates Further Stimulus

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Data just released confirms contraction in the British economy for the fourth quarter as expected. This, along with the BoE minutes released earlier this week and supported by committee member Fisher’s dovish comments, has revived hopes of additional stimulus by the BoE.

The “risk on” trading sentiment has continued today, with market participants eyeing the Italian bonds auction later today, the outcome of the G-20 meeting during the weekend and next week’s second LTRO operation by the ECB. Risk appetite had gained momentum yesterday, following better-than-expected economic data in Germany and the US. Today, Germany reported GDP figures in line with expectations.

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Market Debates Further Stimulus

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