Good morning
The QE2 statement was released last night and the Federal Reserve announced it would buy $600 billion in government bonds to support the struggling economy. The anticipated figure was $500 B so better than expected.
The next important news item will be the non farm payrolls on Friday. This is important as if job numbers come in worse than expected some my take the view that QE2 may not be sufficient to prevent inevitable problems in the US economy. 60k is expected for job creation.
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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