Morning Call: ECB and FOMC fail to impress
Senior Editor, Saxo Bank
Summary: Financial markets were unimpressed by yesterday's two key monetary policy events while the latest twist in the Brexit saga elicited a similar shoulder shrug, as illustrated by a collapse in EURGBP volatilities. Elsewhere, resurgent risk appetite is firing up EM FX but TRY is left out.
Macro Digest: There has been an equity earthquake!
Momentum stocks “collapsing” vs. value stock rising – a move which is an equity earthquake
Equity rally has stopped for now
The equity rally that has been ongoing for a weak seems to have stopped for now as traders are waiting for the crucial ECB meeting on Thursday.
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