Equity markets are pressing higher as inflation data updates central bank policy expectations. With that in mind, Michael Hewson of CMC Markets takes a look at several key markets:
  • The DAX has seen a significant rebound, trading above resistance at 9,260 and we may retest the 9,500 level
  • The euro has broken below recent lows as traders seem to expect the ECB to be pushed into full QE despite questions over the legality
  • Weak UK inflation data seems to have taken a 2014 rate hike off the table, with GBP/USD breaking below the 200DMA towards $1.65
  Video content by Michael Hewson of CMC Markets. Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.