More from Fed’s Fisher, says global economy still has “an awful lot of slack” and that the US Banking system has been pulled back from the brink of systemic risk.
US Treasury’s Geithner has seen encouraging signs in credit conditions in recent weeks.
EU’s Almunia says that EU Finmins think next quarters will show a gradual improvement in the economic situation
Eur/Usd has regained its footing above 1.4000 as London dealers head for the exits. Just a warning that here in London we are expecting a tube strike tomorrow. This won’t affect this correspondent who has to travel 15 yards to work, but many trading desks in the City will be short-staffed. This may lead to choppier trading conditions.
