Stocks Surge Following Feds Meeting Minutes
May 22, 2014 6:40 amVideo
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May 22, 2014 – Stock Market News
Today’s Hot Asset – Ebay
Stocks in Asia traded higher during a session full on surprises. Investors within the region has started the day in a pessimistic mood, as they anticipated lots of negative regional fundamental data. However, Chinese manufacturing data actually showed signs of progression giving investors huge boost of much need confidence. This lifted much of the sentiment from equities and allowed values to rise in general and share price to move into the positive for the day.
Stocks in the U.S. had a fantastic day yesterday following the release of the Federal Reserves meeting minutes. Investors liked what the saw yesterday as the meeting minutes were released and this was immediately reflected in the stock market. Instead of tapering the monetary stimulus policy further, the board of governors decided to discuss ways to completely end monetary stimulus programs all together. This was seen as very constructive by investors, giving them the freedom they wanted to invest in equities.
Stocks in Europe traded mixed during an extremely turbulent session yesterday. Investors were looking ahead to the Fed’s meeting minutes that were released later in the day and this anticipation created lots of uncertainty amongst European investors. This uncertainty created lots of price reversals as the session progressed which was great news for binary options investors.
Today’s hot asset is, Ebay. The online auction website announced yesterday that its users should change their passwords as their system has been hacked. Their share price had moved into positive figures yesterday before this news was released but as soon as it was the price tumbled immediately. Their share price ended the day 0.15% down, so keep an eye on this asset throughout today’s session for more reaction.
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