Fed and ECB rate statement, company and economy reviews, technical analysis day
Market reviews
• European traders who went to bed thinking a quarter-point Fed rate cut next Wednesday was already on the cards may have woken up with a severe hangover this Friday the 13th, as the odds of a bigger half-point cut again approached 50%. It all started with separate reports in the Financial Times and the Wall Street Journal that the September 18 decision remained “on the edge”. Then former New York Fed President Bill Dudley, who remains highly influential, said at an event in Singapore that there was a “strong case” for a 50 basis point cut.
• That left the dollar at a...