Dan pointed out to me a crucial inflection point on the European Bank index, SX7E, chart yesterday: As of yesterday, the banking index had closed almost right at the $150 level, which was support on …
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Calls for the ECB to do more have been a persistent theme over the past year. Economists routinely like to joke that the ECB is way behind the curve relative to the Fed. What does …
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CNBC U.S. stock index futures added to gains Wednesday, following a better-than-expected GDP report and after a higher-than-expected take up of the ECB’s second long-term refinancing operation. European banks bought 529.5 billion euros ($713 billion) …
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