On Thursday, the restoration of Russia”s stock market after a long fall may continue. The reason for this will be a positive reaction of global markets to summarize the meeting held on the Fed.
the federal funds rate was maintained at the same level of 0-0.25% per annum, with the passage, that this situation will continue for a long time, was not subjected to correction. Also, do not become “touched” by the representatives of FOMC discount rate, as expected by some experts. At the same time the Fed reaffirmed their commitment to previously stated plans for the removal of additional measures to stimulate the economy: stop the program redemption of debt securities secured by mortgage and agency securities by March 31, as well as a number of programs to provide liquidity to February 1. Together with a slightly more optimistic assessment of what is happening to the economy of investment companies and employment is allowed to believe that Mr. Bernanke and his colleagues have become increasingly convinced that economic recovery is sustainable. The fact that the decision to leave interest rates at the same level it was not unanimous - advocated for raising the head of the FBI in Kansas, Thomas Hoenig, the mood of a particular way does not affect (SP 500 0.49%). Futures on interest rates reflected a slight increase in the chances of ending the policy of low interest rates, which can be expected to occur with a probability of more than 50% only in November.
After the bidding played the U.S. president Barack Obama has a report on the situation in the country, which is not introduced confusion in the prevailing balance of power. Support bulls have felt after his words that the worst thing in the “storm” is over, and after disclosing his plans to create new jobs. In this case, bidders decided not to focus on his statements that he would veto legislation to reform the financial system, if the legislators would make it significant changes. Thus its proposals, he did not stop. Stock indexes in Asia on Thursday morning, almost everywhere settled in the positive region: Shanghai composite -0.05%, Hang Seng 1.37%, Nikkei 225 1.58%. Grow and futures on U.S. indices (SP 0.67%).
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