Yesterday the FT uncovered a series of meetings between ECB policymakers and the private sector that occurred just before the governing council meetings from which important, market-moving, interest rate decisions resulted. Central banks were made independent from the government to avoid an evident conflict of interests that allowed us to achieve more stable, lower inflation…
– The FTSE 100 closed the day at 6,194.10, an increase of 110.79 points. – The FTSE 250 grew by 201.51 points to finish at 17,087.24. – The FTSE All Share climbed by 56.18 points to 3,410.84. – The FTSE AIM All Share finished at 734.74, down by 4.28 points. The latest services PMI survey…
Earlier in the year the ECB announced its own asset purchase programme to reflate the Eurozone economy. Investors received the news with exuberance and drove equity prices to historical highs. But so much has changed since that moment, such that what looked like the best plan in years is now seen as mere routine, embraced…
