European equity bourses are trading mixed
Wednesday after choppy morning session, with FTSE-100 outperforming on
increased BoE rate cut speculation. The BoE said inflation projection
show inflation under 1% in 2 years time on both market and constant 3%
rates. In addition, the BoE Governor Mervyn King said it was "almost
certain" that the UK would see growth fall in two consecutive quarters,
meeting the definition of a technical recession, adding the MPC was
ready to cut rates again. CAC-40 +12pts (+0.35%), Xetra-DAX is down
4pts (-0.13%) and FTSE-100 is up 30pts (+0.70%).