Spreadex Market Update
Asian shares and Dow Jones gain as interest rates expected to remain low.
Asian shares gained today as a shift in opinion amongst investors regarding the Federal Reserve’s outlook spurred on markets towards the upside. As sentiment changed, the Dow Jones managed to rebound with investors now believing the Federal Reserve are to maintain the low interest rates – something which was widely expected to change and therefore allowing markets to breathe a slight sigh of relief.
European bourses are trading higher today with London’s FTSE up 12 points and Germany’s DAX up 35. Markets may get particularly twitchy heading into this afternoon as investors prepare for the FOMC statement and press conference this evening. The UK kick-starts the economic calendar this morning with Office Bank Rate Votes due out this morning. Shortly after this, US CPI figures are to be released.
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