Categories Finance

European close: Trepidation ahead of the Fed decision

On the day: Stoxx 600 -0.5%German DAX flatFrancis CAC -0.5%UK’s FTSE 100 -0.7%Spain’s Ibex -0.1%Italy’s FTSE MIB -0.4% There was a nice run-up into the Fed decision but there is some angst ahead of today’s announcement in many markets. That’s usually a good thing as the Fed often…

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Categories Finance

Odds of a 50 basis point rate cut slip to 55%

What a day this is turning out to be. The implied odds of a 50 bps were almost 70% yesterday but have slipped back to 55% in a steady grind. The market just doesn’t know what’s coming but there is clearly some anxiety today about under-delivering. That’s led…

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