The market last week concentrated on central banks’ monetary policy outlook. The ECB left the main refi rate unchanged at 0.5% while the deposit rate stayed at 0% and the marginal lending rate at 1%. Policymakers also raised the economic outlook, indicated in the latest staff projection. Investors’ responses to US economic data were quite different from the past. Amidst concerns over the Fed’s tapering of QE measures, investors were thrilled by disappointing economic releases but sold their assets when the data showed improvement.
View post:
Weekly Fundamentals – Crude Oil Prices Gained on Supply Shortfall
Leave a Reply
You must be logged in to post a comment.