The rate debate seems more alive than ever, so all the U.K. data will be important.

278

U.K. May PPI data are unlikely to move markets markedly, in spite of the large rise in input prices, since this was largely due to the rebound in oil prices.

174

There's no sign of recovery for the euro, ... There's not much the European Central Bank can do with strong oil prices and a weak euro adding inflationary pressure. It has prepared the market for a rate rise next Thursday -- we expect 25 basis points.

165

It's a done deal. The ECB and Bank of England will leave interest rates on hold.

143

The Fed made it clear any impact from the hurricane would be temporary. If they don't stop at Katrina why should they stop at Rita? Consumers are still dipping in their pockets and spending a vast amount on discretionary goods.

127

There does seem to be this dichotomy of views with some saying the equity markets are still undervalued when others are saying that is not the case.

103