Buxton warns on ECB and Fed ‘policy mismatch'

The policy mismatch between the US and European central banks could cause serious headwinds for financial markets, Schroder's Richard Buxton has warned.

Speaking at Incisive Media’s Senate conference in South Africa last week, the head of UK equities said the failure of the European Central Bank and politicians to come up with a solution to the European financial crisis was a major concern. “The eurozone debt crisis has clearly not gone away. My worry is that it seems to me in January the politicians had got their act together to put together a comprehensive package to deal with the periphery, and they wanted to separate out that the ECB should not be keeping the show on the road. “But in February the heat was taken off, spreads were ...