CommSec’s Tom Piotrowski says over the next couple of days 10 central banks globally will be making their interest rate decisions.
In anticipation of this, a “pensive note” has been struck by market investors, particularly in the US.“The S&P 500 down by a quarter of a per cent, with a similar decline for the NASDAQ. “We did see a bump higher for interest rates, not aggressively … they’re modest moves under the circumstances.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northern markets ‘weaker’ as US Federal Reserve set to release interest rate decisionCommSec’s Tom Piotrowski says Northern Hemisphere markets have experienced a weaker or at least “less cautious” session of late. This is due to the fact the US Federal Reserve will release its interest rate decision in the next day or two. “Widely expected to do nothing,” Mr Piotrowski told Sky News Australia. “There have been some changes in recent weeks in terms of the outlook for inflation by virtue of the oil price. “But it’s the oil price, as I said, that is the sticking point – at one stage we had it just short of $93 a barrel for the US benchmark up by close to four per cent.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »