Expectations for central bank action are a bit higher across the Atlantic, after ECB President Mario Draghi said last week that the central bank will do whatever it takes to save the euro.
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Frank Lesh, broker and futures analyst with FuturePath Trading, said central bank action is important.
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Despite what your gut tells you, central bank action holds no useful information about where stocks are going.
Denmark's krone, which is pegged to the euro, was stable as well, helped by swift central bank action.
We need to unify key players, organizations and efforts around a central, action-focused campaign with two simple messages: 1.
The data have been weak, but the market has been driven more by central bank action over the past few months.
Even if the sight of concerted central bank action normally means: "Emergency!"
The central bank action has supported commodity prices in general as the banks will likely keep monetary policy accommodative as countries need to work through debt problems.
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But it is difficult to see how, absent European Central Bank action, yields will tighten or be stable in the near term, until there is more clarity on the endgame.
Some measures of the Euro debt crisis actually improved last week, even though many are still concerned that the recent central bank action and summit agreement may not be enough.
Thus that we have a falling global money supply is a pretty good indicator that without some major central bank action soon we really are going to have (another) a recession.
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Wasif Latif, vice president of equity investments at USAA, still believes in stocks, and thinks that a big liquidity-driven rally based on central bank action later this week could send lower-quality companies flying higher.
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The central bank action has reignited the inflation debate, which is going to be the next catalyst for higher gold prices, said Ira Epstein, director of the Ira Epstein division of The Linn Group.
One event that might help that would be central-bank action on monetary policy, Meir said.
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Others focused on the flagging economic growth that spurred central banks to action.
The Central bank took action, created a deluge of liquidity by printing massive amounts of money and bought treasury bonds as a strategy to keep borrowing cost low.
Second, the European Central Bank took action on Friday in advance of the shocking downgrades on Monday of Spain's banks by Moody's, by relaxing the criteria for the loans that it and Spain's central bank make to Spanish banks.
The European Central Bank meets next week, amid growing hopes for stimulative action by the central bank.
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So the Fed, the nation's central bank, took action recently to save the economy from recession by lowering the interest rate.
So the economy may be very reliant on action by central banks and governments and may slump once that support is taken away.
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It said the move was not part of coordinated action by central banks but that it foresaw negative economic growth for Switzerland in 2009.
In its new forecast, released on Monday, the Organisation for Economic Co-operation and Development (OECD) says the eurozone economy is contracting and argues the European Central Bank must take action.
For the world's leading central banks, the action is all in "unconventional measures" to support the economy and the banking system: like the UK's latest round of quantitative easing, or "operation twist" by the US Federal Reserve.
Additionally, market participants may look to see if the European Central Bank takes any action Wednesday to support the euro following comments by two officials regarding the European economic situation and the recent weakness of the single currency.
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Ryan Larson, head of equity trading at RBC Global Asset Management in Chicago, said the recent aggressive action by central banks around the world has been a big part of the reason why stocks have fared so well in the U.S., Asia and Europe so far this year.
The Federal Reserve's "hawks" are speaking out against additional action by the central bank to spur the U.S. economy.
This most recent rise, though, came on the strength of economic figures, not market action by the central banks.
The coordinated action of the central banks that caused this bump may influence the market for the rest of December.
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