Friday’s session proved to be the slow

Market Review Friday’s session proved to be the slow and uneventful affair that we expected. The US GDP announcement was the big event but the result, slightly worse than expected at +2.5% Vs 3.0% exp, was the outcome that had the least chances of generating any meaningful market reaction. We will hear in full from the FOMC after their policy meeting on Wednesday but this GDP figure is bad enough to ensure that the Fed will continue to print money at full speed but the number is not bad enough

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Friday’s session proved to be the slow

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