German trade data, UK PPI, US wholesale inventories…Not much to stir animal spirits.
EU central bankers and finance ministers meet in Budapest tomorrow, so the wires will be moving, if nothing else.
We should hear from the participants in the White House budget negotiations before long. They have been meeting for more than an hour.
Markets are toing and froing, trading generally easier at mid-afternoon. EUR/JPY is edging lower after a bounce following the suspension of the tsunami warning after the latest Japanese quake.The cross trades at 121.25, toward the lower end of the post-earthquake 121.95/120.75 range.
