Stocks Mostly Negative Before The FOMC Meeting
March 17, 2015 3:00 pmVideo
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March 17, 2015 – Indices News
Yesterday, during the American session the U.S. stock mainly increased despite the upcoming FOMC monetary meeting minutes report which is coming out tomorrow. The report should have more negative affect on stocks as we expect that the Fed will drop the word “patience” and signalized readiness for the interest rate raise. The overall S&P 500 index climbed up by 1.35%. The Dow Jones Industrial index went up 1.29% the same as NASDAQ. During today’s pre-market, the U.S. futures reversed the bullish sentiment and pointing down. That is a logical movement before the FOMC meeting.
The Asian stock were traded mixed. Japanese index Nikkei reached the highest level since 2000 on the back of the news that Bank of Japan maintained the monetary stimulus which helps the fragile Japanese economy to recover. Contrarily from Japanese stock, the Hang Seng Index declined down by 0.20% even though earlier in the trading session the movement was positive. The index lost due to fears over possible U.S. interest rate increase which would hurt the liquidity on the market.
The European stock market has been mostly declining during today’s trading hours. The German index DAX decreased as the German ZEW Economic sentiment did not reach the expectation and came below the prediction. The only index which is green today is U.K. FTSE 100 which is currently adding 0.20%. The main driver of the FTSE index are stocks of BHP Billiton which announced that it is recommending to its shareholders to approve a demerger. Currently the stocks is increasing 2.40%.
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