Shares are falling at their fastest rate since June’s EU referendum, as investors fear that central banks may dial back their stimulus packages * Latest: FTSE 100 has hit a five-week low * Hillary Clinton’s pneumonia worries traders * Bonds hit by Draghi disappointment * Coming up: Crunch speech by Fed policymaker Brainard * Introduction: It’s going to be a rough day * Asian markets hit by rate hike fears 10.55am BST I MENTIONED EARLIER THAT THE GREEK DEBT CRISIS WAS BUBBLING UP AGAIN, AFTER PRIME MINISTER TSIPRAS ATTACKED THE COUNTRY’S CREDITORS. And we now have fresh signs that Europe is losing patience with Athens. GREECE DEBT MAY NOT BE RESOLVED UNTIL AFTER GERMAN ELECTIONS EU OFFLS SEE DELAYS IN GREECE SECOND REVIEW FUND DISBURSEMENT EU WANTS STRICT TECHNICAL TALKS WITH GREECE IN UPCOMING REVIEW 10.36am BST Minouche Shafik’s surprise resignation means the Bank of England must hand someone else the job of unwinding its quantitative easing stimulus programme (this was one of her key responsibilities). The Brexit vote, though, means exiting QE has fallen down the agenda -- there’s more chance of the BoE EXPANDING the scheme, if it fears we’re heading into recession.... Wasn't Shafik in charge of overseeing planning for how the BOE exits QE? Suppose that's probably dropped down the priorities list... How does the departure of Minouche Shafik who was in charge of Bank of England QE plans leave the QE program? Continue reading...
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