Spreadex Market Update
Global markets have rallied this morning
Global markets have rallied this morning as investors digest the shock decision by the Bank of Japan to expand its quantitative easing programme as economic inflation and growth weren’t at the levels expected. The board ended a 5 – 4 vote in favour to increase the purchase of Japanese bonds by a further 30 trillion yen to 80 trillion in total.
As the news was announced, global markets rallied with the Dow Jones futures smashing through record intraday highs at just above 17400. Bourses both here in London and German also followed suit with the FTSE 100 up 80 points whilst Germany’s Dax is up 160.
On the data front, CPI Eurozone CPI figures are set to be released at 11am where the figure it forecasted to be slightly higher at 0.4%.
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