The Daily Shot 7.1.16

By SoberLook

Greetings,

We begin with Thursday’s central bank activity globally.

1. Mark Carney’s speech hinted at near-term easing by the BoE.

Source: WSJ

The British pound sold off sharply in response to Carney’s remarks …

Source: @barchart

… while the FTSE 100 hit a 10-month high.

2. It seems that the ECB may be considering revising the rules governing the proportion of member countries’ bonds bought as part of QE. Rather than just focusing on the size of each economy, more weight could be given to the country’s debt outstanding. Such allocation, of course, benefits the most indebted countries such as Italy.

Source: Bloomberg

Italian and Spanish debt rallied sharply in response, with yields hitting new lows.

 

Continue reading at TalkMarkets →

 

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.