A Swiss Lead in the Central Bank Euros
Friday 21st June 2024
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Europe is in the midst of the group rounds of the Euros, but when it comes to central bank cuts Switzerland is already the champion, with Britain the favourite to cut next. JBWere\u2019s Sally Auld talks through yesterday\u2019s decisions by the Bank of England, the Swiss National Bank and the Norge\u2019s Bank. In the US markets seemed unfazed by Neel Kashkari\u2019s claims that hitting the Fed\u2019s inflation target might take a year or two. Perhaps his views were surpassed by more soft data overnight, including another rise in jobless claims. New Zealand\u2019s GDP was a little higher than expected, but it won\u2019t last, says Sally. And tonight the PMI data-dump for Germany, France, the Euro area, the UK and the US.
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