Posted: Feb 22, 2010 5:00
Central bankers continued with mildly hawkish rhetoric at Jackson Hole and that will ensure elevated volatility into September. In early trading the pound is leading the way while the Australian dollar is the laggard. Japanese industrial production and housing starts highlight a busy start to the week. Over the weekend, Beijing announced it will no longer attempt to boost the stock market through large-scale stock purchases, and will instead focus its efforts to find and punish those suspected of “destabilising the market”, according to the Financial Times.