Mario Draghi, ECB president, has detailed his eurozone stimulus plan of buying asset-backed securities and covered bonds. Ralph Atkins, FT capital markets editor, explains to global economy news editor Ferdinando Giugliano how US help may be at hand.
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“We have a global deflationary situation developing.” — Richard Gilhooly, an interest-rate strategist in New York at TD Securities
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São Paulo’s army of motorbike couriers have been dragged into a bitter war over the city’s public transport, one of the biggest issues affecting October’s presidential and local elections. The FT’s Samantha Pearson reports on their unlikely entry into the political fray.
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Could the October curse revisit financial markets? FT US markets editor Mike Mackenzie and financial correspondent Tracy Alloway discuss the prospects as Treasury bills turn negative, as well as the possible fallout from the departure of Pimco co-founder Bill Gross.
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Global Macro Monitor 