Showing posts with the label ADVFN III Morning Euro Markets Bulletin May 02

ADVFN III Morning Euro Markets Bulletin May 02, 2013.

ADVFN I I I Morning Euro Markets Bulletin Daily world financial news Thursday, 02 May 2013 London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Markets cautious ahead of ECB decision     Market Movers     techMARK 2,416.38 -0.79%     FTSE 100 6,436.98 -0.22%     FTSE 250 13,912.44 -0.83% The FTSE 100 was in the red in early trading on Thursday as nerves set in ahead of the all-important European Central Bank (ECB) policy decision later on. "The day of reckoning has arrived, with the market largely priced for a 25 basis-point (bp) cut in the ECB’s main refinancing rate to 0.50%. The latest run of weaker data this week has most likely tipped the balance in our view," said Chief Economist Simon Smith from FX Pro. From an FX point of view, he said that the bigger issue is what happens to the deposit rate , the rate at which funds 'parked' at the ECB are re