Markets Roundup

Bernanke’s semi-annual testimony and the BoE minutes showed that the economic outlook is subject to high uncertainty and that these central banks are willing to print even more money when the situation deteriorates further (p.2, p.3 & p.4).
This week’s focus is on US durable goods orders on Wednesday and on the euro zone CPI estimate on Friday (p.2, p.3 & p.4).

Even though the appetite for risk rose at the start of last week on a positive start to the corporate earnings season and well-subscribed European government bond auctions, last week’s disappointing macro-economic data halted optimism in the end (p.2, p.3 & p.4).
This week’s focus is on US housing market figures, on the euro zone PMI on Thursday and German Ifo business climate index on Friday, and on UK Q2 GDP figures on Friday (p.2, p.3 & p.4).