Going by the recent rise in sp ,because I haven't checked the news I would just like to get confirmation that all hostilities in the Ukraine and Israel have stopped and there is a massive party in progress!!!
I'd never seen MM as million before. I believe MM is Roman numerals for 2000 though, in the same way as I is 1, and II is 2. Probably got lost in translation somewhere along the way. On the golf course our American friends refer to double eagles where we call it an albatross, (or cheating)
The use of mm suffix is confusing to me too. Obviously people are using it to denote "million", but mm is actually used extensively as a suffix for unit of length. 1mm is one millimeter. Unless I am missing the point and people are referring to length
Against the backdrop of weak recent Euro area data, expect some announcements by the ECB next week which should broadly be supportive of BKIR and banks generally. ECB may increase the amount banks can borrow under the TLTRO and reduce the costs to banks - 4 year funding as low as 0.05%. More colour possible on the asset backed securities purchase program as well. Don't expect any announcement on a QE program but if the macro data in Europe does not improve by year end, the pressure on the Bundesbank to support for some form of QE program will grow in 2015.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.