Andy's Feed
Bank of England votes to hold bond purchases, as consensus showed in Reuters poll (albeit narrowly). #QE
#ECB to hold line on bond buys, keep rates at 0.75 percent – Reuters poll #euro http://t.co/v9ItGQQ4ys
Bank of England faces knife-edge decision on bond buys: @ReutersPolls median 40 pct chance of more #QE today http://t.co/rKHcYuKMAo
Bruised sterling faces struggle to recover its poise – Reuters poll http://t.co/DH6uDE5ZOb #GBP #pound #forex
Election bump over, Obama approval drops to 43 percent: Reuters/IPSOS poll http://t.co/O4abLCndNa
ADP shows U.S. added 198k private sector #jobs in Feb (vs 170k expected in Reuters Poll). Jan also revised up to 215k vs 192k.
Beware: UK services #PMI is no crystal ball for #QE – via @MacroScope http://t.co/ZSfK9YkHbr
via MacroScope
Beware: UK services PMI is no crystal ball for QE
Take with a pinch of salt economists who say Tuesday’s strong UK services PMI might persuade the Bank of England to hold off from restarting its printing presses this week.
BoE policymakers been perfectly willing over the last few years to vote in favour of more asset purchases after a rise in the services PMI number.
Add a comment
Europe’s economic fractures widen in February
LONDON (Reuters) – France, Spain and Italy dragged the euro zone into a deeper downturn in February, according to business surveys that showed the chasm between these countries and prosperous Germany widening yet again.
While British services companies had a slightly better month than expected, Tuesday’s purchasing managers’ indexes (PMIs) showed deepening fractures running through the European economy.
UK services #PMI better than expected at 51.8. Taken with poor factory/construction PMIs, @WilliamsonChris says it points to +0.1% GDP in Q1
-
About Andy
-
Follow Andy
