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3 Numbers to Watch: FOMC meeting, SNB rate vote, US unemployment
Markets in the Eurozone rallied yesterday after the German Constitutional Court dismissed attempts to block the establishment of the European Stability Mechanism. While the ruling will enable Germany to contribute funds to the new bailout fund, the court - in true German style - placed a limit of EUR 190 billion on liabilities towards the project. The current optimism, however, may be short lived as we move to the next big risk event this week – the Federal Open Market Committee (FOMC) meeting. The Federal Reserve is due to announce its interest rate decision at 16:30 GMT, before its chairman Ben Bernanke speaks at ... (full story)