Spreadex Market Update
Consumer demand remains fragile despite improving British economy.
There’s not too much in the current economic picture to suggest that the bull market many investors are currently enjoying is about to run out of steam. Last week the S&P 500 climbed 0.1 percent, ending 15 percent above the record for this year. Analysts expect profitability to improve with margins possibly climbing a further 10.5 percent in 2014 and 11 percent in 2015.
As long as unemployment remains above target levels, Federal Reserve policymakers will continue to be cautious with the Fed declaring after its October meeting that it will press on with its $85 billion in monthly asset purchases and continue to hold short-term rates near zero at least as long as unemployment is above 6.5 percent and forecast inflation is below 2.5 percent. Economists expect tapering to begin to one degree or another in March.
U.S stock index futures are little changed as investors take a moment to pause after the S&P 500 closed higher for the third consecutive month. Investors will wait until Ben Bernanke has spoken before reassessing positions with clues on future monetary policy likely.
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