Positivity in Asia overnight looks set to spill into Europe, with European bourses pointing to a higher start on the open. The upbeat mood in the market comes after BoJ action and amid an increased focus on the easing of lock down measures, globally, which is overshadowing weaker prices and signs that Chinese factories aren’t ramping up as quickly as anticipated.
Focus on central banks
As central bank spending spree continued, acted in line with expectations by pledging to buy unlimited amounts of government bonds, scrapping the 80 trillion yen per year target. It also eased restrictions on the type of debt that could qualify.
The move by the BoJ comes ahead of the and later in the week. Whilst the Fed is not expected to take any more action after throwing pretty much everything, including the kitchen sink at the coronvirus crisis; the ECB is expected to raise the size of its emergency bond buying package and keep pressing for sizeable…