The 45-Minute Salvo

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Yesterday, within a span of 45 minutes, major central bankers stepped up efforts to guard their ailing economies. The Bank of England increased its asset purchases by £50 billion, while the European Central Bank and the People’s Bank of China cut their benchmark interest rates, supporting the recent batch of weak economic releases. Additionally, the ECB President warned of risks facing the Eurozone economy, leading Sterling to post decent gains against the Euro. Across the Atlantic, following yesterday’s strong ADP employment and jobless claims reports, markets keenly await the non-farm payrolls data due later today that is expected to be largely positive.

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The 45-Minute Salvo

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