Daily Market Bite 09/10/14: Markets Rebound On Fed Policy Minutes
October 9, 2014 8:21 am
European markets have opened higher today, as traders cheered the minutes of the latest US Federal Reserve policy meeting which reinforced policymakers’ stance of keeping interest rates near zero for a “considerable time”. Closer home, the Bank of England’s decision on interest rates and asset purchase facility will be keenly eyed for further guidance. Additionally, the European Central Bank’s monthly report and a speech by the ECB President, Mario Draghi, will keep traders on their toes.
European markets have opened higher today, as traders cheered the minutes of the latest US Federal Reserve policy meeting which reinforced policymakers’ stance of keeping interest rates near zero for a “considerable time”. Closer home, the Bank of England’s decision on interest rates and asset purchase facility will be keenly eyed for further guidance. Additionally, the European Central Bank’s monthly report and a speech by the ECB President, Mario Draghi, will keep traders on their toes.
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