Roundup: S&P +0.94%, Dow +0.89%, Nasdaq +1.26%, Gold $1,473.40, London +0.15%, Germany +0.61%, France +0.05%
We’ll soon have the joy of assembling our own Fartfull workbench and the Jerker desk. The cabinet has cleared Ikea’s Rs. 10,600 crore investment proposal. (LiveMint)
The European Central Bank cut its main interest rate yesterday to 0.50% and Mario Draghi, ECB president, said the bank remained “ready to act if needed.” The German 2-year bond yield is currently negative.
Meanwhile, US jobless claims surprised: -18K to 324K vs. 345K consensus, 342K prior. It’s the lowest level since January 2008. (SA)
Monetary stimulus vs financial stability is a false trade-off (WW)
Good luck and have a nice weekend!