What a weekend – be sure to catch up with all the headlines (I summarised and linked to them here).
And we’ve already had some decent USD selling this morning in Asia (it’s a Japanese holiday, so liquidity is thinner than normal today … and normally on a Monday it ain’t much anyway) and a slide in equity futures on Globex.
But, I digress.
From the Financial Times …
The International Monetary Fund sought to dispel some of the gloom surrounding its annual meetings on Saturday with a resounding message that if countries reform their economies, they will succeed and growth can come quickly.
Having been overshadowed by more pessimistic forecasts for the global economy, turmoil in equity markets and terrible economic data from Germany, the concluding meeting of finance ministers and central bank governors sought to present a more optimistic outlook.
There’s more at the (gated) article: IMF says countries must reform to succeed
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If you are looking at price action this morning you may be excused for thinking the markets have ignored this late message from the IMF
