Germany's court decision soothed European fears but market focus was on QE3, with expectations soaring despite recent US growth.

It was a bit of a nothing night for markets as they wait for the Fed tonight, although global equities did manage to push a little higher – in general – and the news flow was positive. You may have heard, for instance, that Germany’s constitutional court was deliberating on the European bailout funds. It made its decision last night and all is well.


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