The Irish rumour is being put down to a US think tank that said the EU was planning to hammer out a rescue package for Ireland as early as next week. This so-called think tank perhaps has been given more credence than he deserves. This is not the first time it has happened. That said the China rate rumour had more of an impact – the Shanghai Composite was down 5.2%. That particular rumour does the rounds every Friday in Asia. Obviously this week it struck a chord because we got the high CPI reading on Thursday.
Jamie will be with you shortly.
