EU economics commissioner Almunia says that while he sees some positive signs in the economy he says the situation is still worrying. Publishing bank stress tests is a possibility, he says.
Any move by the EU to release an “aggregate” stress test, especially one that issues an “all-clear” would be greeted by the market with derision…
Details of the Indian budget are being discussed now by the finance minister on the wires. The market was caught off guard overnight by India proposing a budget with a deficit of nearly 7% of GDP built in…
EUR/USD has rebounded nicely as US equities staged a bounce, but it is being upstaged by cable. The pound is up at 1.62 after dipping below 1.6100 earlier this morning. EUR/USD is at 1.3930.
