Most European prices down again yesterday
Prices were down again yesterday in most European gas markets (to the exception of Spain PVB prices). The drop seems to have been triggered by…
There is a BoE meeting today. While some expect some changes in its QE policy, the consensus remains on stability. One after the other, Fed members are also starting to talk about a decrease in asset purchases. While that may mean that rate hikes may come sooner than expected, this also lowers the long-term inflation risk, which likely explain the fall in bond yields. But the equity market does not like that, as it needs a permanent positive news flow to justify extreme valuation. The EUR/USD keeps testing 1.20, but remains rather stable overall. Full economic agenda today.
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