Loading ...[German stocks outperformed (implicitly benefiting from the ‘weaker’ euro that may come from a huge rate cut]
Ugly European PMIs seemed to cement the confidence for at least one big whale that Draghi (or Lagarde) will signal tomorrow a willingness to deliver “shock and awe” with more rate cuts (buying yards and yards of Dec Euribor Futs)…
Total volumes in the Dec20 euribor contract were over 370,000 ahead of the close, a new record high.
And while German stocks outperformed (implicitly benefiting from the ‘weaker’ euro that may come from a huge rate cut)…