* European stock futures up 0.1%
June 11 – Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
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FROM RUSSIA, WITH A RATE HIKE (0658 GMT)
All eyes today on Russia, where the central bank is expected
to raise its 5% interest rate by as much as 50 basis points —
its third rate rise in a row.
The rouble faces risks from geo-politics and more
importantly, inflation is running above-target.
Russia, like many emerging markets, is seeking to get ahead
of the Federal Reserve, which has stressed it will look past any
temporary rise in inflation and keep stimulus in place. That
message helped markets take in their stride Thursday’s blowout
U.S. CPI print of 5%.
Despite that number, U.S. Treasury yields are at three-month
lows and down 12 basis points this week — set for their biggest
weekly drop in a year. Stock markets too are keeping their faith
in the Fed for now, with MSCI’s world stock index up. European
and U.S. equity futures are higher too.
UK markets have reason to cheer as well –…
