Jean-Clause Juncker, the head of the eurogroup of finance ministers, says Europe does not need any new economic stimulus packages now. He says he is against any eurozone country going to the IMF for help if they need financial aid, saying they must find in from internal sources.
European officials have consistently making that point as the US and UK have been trying to spark a global “new deal”, but with little to show for it, so far.
Also crossing the wires are headlines that Germany will extend bank guarantees to 5 years from 3 years, in some cases.
Currencies continue to meander, looking for clear catalysts. Should US equities add to their recent rally in a meaningful way, a retest of yesterdays 1.3070 highs are seen. Offers are seen at 1.3030 along the way.
