Wednesday, 16 March 2016

Wall Street ahead of the FOMC meeting


Trading on Wall Street began furtively on Wednesday as investors prepare for the statement of the US Federal Reserve, which will be published at 14:00 local time.

The CBOE Volatility (VIX), which is considered as a measure of fear in the markets for a short fell to 15.56 points, the lowest level since December 24.
In the broader index S&P 500 best represent the health and energy sectors, but consumer staples leading six sectors lower. With the appreciation of Apple’ shares, Nasdaq rises.
For the growth of the index of blue-chip Dow Jones Industrial Average at most contributes Goldman Sachs.
US light crude oil WTI is rising by 3.27% to $ 37.53 a barrel, while the European benchmark gained 3.10% and traded in the early hours at $ 39.94 a barrel.
Gold is rising by 0.14% to $ 1 232.70 an ounce.
The dollar is rising by about 0.4 percent, the euro is near $ 1,106 and yen is 123.69 yen per dollar.

Shall we expect positive comments from the central bank about the state of the economy and intentions three times instead of four tightening of monetary policy in 2016? This will be known quite soon.

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