It is obvious that the Fed knows how to maintain its spotlight by spinning around market players in this tapering gameUpdated time: 24 Jan, 2022, 14:30 (UTC+04:00)
It is obvious that the Fed knows how to maintain its spotlight by spinning around market players in this tapering game. Early today, it announced a trim in bond buying by $15 billion/week starting from this month, with the pace keeping flexible and unwound the massive stimulus program. Share markets firmed and equity investors can now relieve except there are still doubts about the inflation pushed up longer-dated bond yields. Central banks’ reaction to this Fed’s move is now at the center of investors’ attention.
#Nashdaq futures gained another record high with 0.3% increase. Keeping this pace then this would be its 9th straight session of gains.
#S&P 500 was near 0.1% while #Japan’s Nikkei mounted 1.1% - highest in a month.
#MSCI’s broadest index of Asia-Pacific shares (outside Japan) slightly increased 0.3%, due to a spike in new coronavirus cases in China that may curb consumer spending.
The #sterling was on low edge at $1.3673
The #dollar idled at 93.955 despite the uptrend in the past 5 months.
The #yen firmed 114.23.
The #euro gains to $1.1600
#Commodities still dither