IIFT Daily Note with Peter Brown

We are going nowhere fast here.

Posted by:  |  Time: 7:29 am  |  Topic:
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A day after the market gets nervous about tapering, now we decide it is not an issue for December. We are running up and down but going nowhere fast. Likewise on the Euro Mr Draghi put  a dampener on negative interest rates and bounced the Euro. Mixed messages all round.

Today a raft of economic stats to start the morning and Draghi speaks again. Going to be choppy. Equity indices once again can attempt to post new highs, will they? Anyone’s guess to be honest.

It is a get the mood and go with it day i,m afraid.

levels are Euro 1.3500 1.3450 S&P (DEC) 1800 1788 Wall ST (DFB) 16040 15940

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