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eco

US Durable Goods Data Much Higher Than Expected

fxdd_region_0033This is the highest level that durable goods has reached since January, Market stays calm with the news.

ECB’s Trichet on the Newswires

  • Indicates bond purchase decision was not unanimous
  • ECB wasn’t pressured into buying government bonds
  • “overwhelming majority” backed bond-purchase plan
  • sees multi-speed global recovery
  • says no time for complacency on inflation risks
  • term deposits one option to sterilize purchases
  • sees upside inflation risks in some countries
  • ECB decisions wont change monetary policy stance
  • says term deposits simple effective to operate

German Minister Wolfgang Schaeuble on the Newswires

German economic minister says i am not yet worried by euros depreciation.

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