Daily Market Review from #BigOption Yesterday in the U.S, Federal Reserve has dissipated investors’ concern over future money policy as meeting minutes helped to boost shares overseas. Fed officials worried that traders might overreact to mapped forecasts that suggested interest rates might be 2.25% by final quarter of 2016. Meanwhile, #IMF’s report on financial stability urged a movement from liquidity driven economies to more solid growth aimed performance. Fed’s Board of Governors also unanimously voted to scrap a threshold at which interest rate would climb as unemployment rate figure reach 6.5%. At Wall Street, closing session was found to occur on a positive and optimistic note. The Dow Jones Industrial Average inched 1.11%, the Standard and Poor Index climbed 1.09% and finally the #NASDAQ Composite index rose 1.72%. Investors would like to take a quick glance at the Imports Price index today due at 12.30 GMT. In Europe, most precisely in the UK, trade deficit narrowed more than expected. The Office for National Statistics stated that deficit climbed to £9.4bn as economists forecasted a £9.2bn figure. Imports dropped consequently by 2.2% compared to a 1.6% fall in exports. Earlier this week however, the International Monetary Fund (#IMF) said exports as well as business investment in the UK were disappointing, despite raising its forecast for economic growth in the UK this year to 2.9%. European trades closed on an optimistic level yesterday despite low data from UK. In China, data showed a trade surplus of $7.71 Billion for the month of March. However yesterday, Premier Li Keqiang stated that government would not respond to current economic slowdown by releasing fresh stimulus policies. Meanwhile in Asia, trade were found to trend on mixed feelings as Shanghai Composite dropped 0.05%, Japan’s #Nikkei inched 0.69% and finally Hang Seng rose 0.14%. In other news, Russia threatened to force Ukraine to pay its gas supply imports in advance, following the debt of $2.2Bn payment. Moreover, #Gazprom had doubled up gas price for Ukraine as acting prime minister state that, it is a plan for Russia to obtain Ukraine throughout economic aggression. Today, investors would like to take a look at UK’s interest rate decision which might contribute to #Eurozone’s economic advancement.
Posted on: Thu, 10 Apr 2014 08:08:15 +0000
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