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European update – ECB PEPP, oil, gold, bitcoin
Europe Bounces on ECB PEPP Europe is enjoying a decent bounce this morning after the ECB announced a huge new pandemic emergency purchase program in a bid to ease market conditions and support the economy. The monetary easing has been coming thick and fast recently and while I have no doubt that it’s making a huge difference and will continue to do so for the rest of the year, investors just haven’t been buying it. Which is strange as we’ve spent a decade talking about how inflated markets have become as a result of such easing and now that we’re getting an extraordinary amount in a short period of time, ... (full story)
