Just one central bank reporting this week – Weekly outlook 18th June
Well we saw some fireworks last week when the ECB turned mildly dovish following the bullish comments we had heard from it’s members the previous week. The Fed stuck pretty much to expectation with the chances of 4 increases looking almost a given at this stage.
Looking at the big money flows in futures leading up to these decisions, bonds saw large outflows whilst index futures saw inflows. This might suggest that there might be more upside in the equity markets yet.
We have the Bank Of England meeting this week, it is widely expected that there will be no changes following a month of largely lackluster data.