The French, German, and UK equity indexes are offering very strong bullish signs for the spring. If the ECB announce annual QE of at least €600bn, the EU and other world equity markets should continue higher for at least another 3-4 months.
*since we have the ECB tomorrow, I thought it merited taking a brief look at three of the EU markets...
Not surprisingly, the powerhouse of the EU - Germany, is leading the way higher. Even the UK FTSE, having been stuck for two full years is poised for a break into the 7000s.
Indeed, if we see FTSE 7K within the next 2-4 months, it will bode for far higher levels in most world equity markets across the next TWO YEARS.
*I cover the world equity markets in full, the first Saturday of each month.
The ECB are set to announce at 7am EST, with a Draghi press conf. at 8.30am EST.
*there is also the usual US weekly jobs data.
Goodnight from London