Equities have staged a late day bounce despite the banking jitters and now trade on the plus side by about a half-percent. EUR/USD squeezed up above 1.3300 briefly and now trades at 1.3285. Cable is back above 1.4700, now at 1.4730. Markets are quite thin with many leaving early ahead of MLK Day…
Just crossing the wires, Barclays is pre-announcing a profit well-ahead of analysts estimates while saying it does not know why its shares were hammered today. This news may helped reduce the risk aversion which cropped up around midday.
