The Fed may just have delivered an early Christmas present to the financial markets. After the Fed announced it would not taper its asset purchases, as many investors had expected, financial markets rallied, from stocks to bonds and even gold. While the S&P 500 surged 1.2% to a record high yesterday, gold prices have soared 5%...
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About: Irene Wilson
Recent Posts by Irene Wilson
Asian shares pause after Fed-inspired rally
(Reuters) - Asian shares paused on Friday as investors sat back to ponder the U.S. Federal Reserve's policy outlook, a day after the world's most powerful central bank triggered a global rally in riskier asset markets with an unexpected decision to maintain its stimulus program.
The dollar drifted off a seven-month low against a basket of major
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Q+A: Big powers devise plan to rid Syria of chemical weapons
(Reuters) - Last week Russia and the United States put aside bitter differences over Syria to strike a deal to remove President Bashar al-Assad's chemical arsenal and avert U.S. military action against him.
The deal came after an August 21 sarin gas attack near Damascus that Washington says killed over 1,400 people, many of...
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Daily Market Review- 18th September 2013
Fundamental News
Today’s highlights:
• MPC Meeting Minutes (GB; 09:30 GMT)
• Building Permits + Housing Starts (U.S; 13:30 GMT)
• BoC Gov Poloz Speaks (Can; 15:40 GMT)
• FOMC Statement + Interest Rate Decision (U.S; 19:00 GMT)
• Fed Chairman Bernanke Speaks (U.S; 19:30 GMT)
Federal Reserve policy makers, while considering today whether to taper $85 billion in monthly bond...
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