Wall Street returns from its midweek break to find record high stocks still chomping at the bit, with overseas monetary easing in focus as the Swiss cut interest rates for the second time this year and the Bank of England decision now awaited.
And it also comes in tandem with fresh weakness in Japan's yen, which hit its lowest since the Bank of Japan intervention in April despite warnings of repeat action. Even though headline UK inflation hit the BoE's 2% target for the first time in three years last month, 'core' rates remain well above 3% and services inflation is even stickier. The BoE monetary policy committee is expected to be split 7-2 in favour of holding rates - as it was last time around.
The only number released during the "Juneteenth" market holiday on Wednesday was a weaker-than-forecast NAHB housing sentiment indicator for June. * Eurogroup meets in Luxembourg, with European Central Bank President Christine Lagarde and ECB board member Piero Cipollone attending
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