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
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