Scoreboard: Rate debate

Stockmarkets on both sides of the Atlantic hit records despite talk that the US may raise rates earlier than expected.

There wasn’t a lot in the way of news or data last night. About the only thing of interest was a speech from the St Louis Fed President James Bullard -- and it wasn’t necessarily market-friendly. 

Well, it was and it wasn’t. He was more upbeat on the US economy -- but then again he had to be after last Friday’s payrolls report -- and being upbeat on the economy is good. On the other hand, he reckons the Fed may raise rates sooner than expected.

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