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British pound slips after BoE rate hike - MarketPulse
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Stocks enter wait-and-see mode, Apple nears USD 3T, Jolts shows labor remains tight, BOC refrains hawkishness, Pfizer booster study, bitcoin holds USD 50k - MarketPulse
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Inflation genie returned to its bottle
March 12, 2021SharePrint
The buy-everything animal spirits refused to be caged any longer overnight as financial markets returned the inflation genie to its bottle. Technology was back, the S&P 500 and Dow Jones closed at record highs, US yields held steady, bitcoin rose, and the US dollar fell, with markets partying like it was 2020.
ECB to accelerate pace of bond purchases
Earlier in the evening, the European Central Bank remained unchanged and signalled it would accelerate the pace of QE buying to cap yields. The euro gained a pass mark, it seemed, because the ECB did not increase the size of the QE programme; instead, they chose to front-load it.