Intraday Market Thoughts

Archived IMT (2009.04.01)

by Ashraf Laidi
Apr 1, 2009 9:51

RIEN NE VA PLUS? What is supposed to be a G20 filled with policy coordination and harmonization has so far highlighted national differences towards fiscal discipline with the US/UK/Japan favouring increased spending and Germany/France saying the $400 billion stimulus package approved by the EU was enough. Obamas 180 degree turn on US automakers bankruptcy being imminent is weighing on markets across the board. Better than expected UK PMI may further fuel GBP vs CAD, AUD, NZD and USD.


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