Wednesday, December 17, 2014

Strong gains on Wall Street after the Fed meeting – Onet.pl

Strong gains on Wall Street after the Fed meeting – Onet.pl

At the close of the Dow Jones Industrial rose by 1.69 per cent., To 17,157.01 points.

S & amp; P 500 gained 2.03 percent. and amounted to 2012.88 points.

Nasdaq Comp. increased by 2.12 per cent. and amounted to 4644.31 points.

Federal Reserve statement after the meeting stated that it would “patiently” wait for the right time to raise interest rates in the United States. Fed formally resigned the same from used earlier statements about the intention to maintain interest rates unchanged for a “considerable period of time.”

Fed also emphasized, however, that the new language is” consistent “with the previously used the declaration and eventually left the communication critical statement, although in a modified context.

“It was expected that the Fed decides not to use the expression + + considerable time. Practically looking, but this finding remains. Fed changed the language in such a way as to give yourself more freedom and to raise rates when necessary “- rated Ben Garber, an economist at Moody’s Analytics.

During the press conference after the meeting, Fed Chairman Janet Yellen said Wednesday that the language of the message does not constitute a change in the policy of the US central bank. Yellen added that a rate hike per cent. in the US is unlikely for several consecutive meetings of the Fed.

“The market well received Fed statement, he was less hawkish than expected” – said Art Hogan, chief market strategist at Wunderlich Securities.

On Wednesday, investors know the latest data on inflation USA. Consumer prices in the US fell in November by 0.3 percent. mom. It is the strongest reduction in the rate of mom since 2008. Analysts had expected CPI to fall 0.1 percent. mom.

Year on year, the CPI rose 1.3 percent. Here analysts expected a growth respectively by 1.4 percent.

After data showing a small decline in crude oil inventories oil in the United States reflected in the recorded session on Wednesday, the price of the raw material. In the wake of rising oil prices gained shares in oil companies.

“Oil prices have stabilized a bit. Maybe this is sufficient to stop the decline in stock prices oil companies. After a sharp reductions shares of these companies were completely sold out “- rated Mark Luschini, chief investment strategist at Janney Montgomery Scot

The focus of the markets remains Russia. After the strong depreciation of the ruble on Monday and Tuesday, the Russian currency recorded a reflection on Wednesday. In the evening, the ruble appreciated against the dollar in the vicinity of 60, which means the strengthening of the currency by about 10 percent. compared to Tuesday.

Trying to support the Russian ruble, the central bank this week raised the interest rate by 6, 5 percentage points to 17 percent. The Russian Ministry of Finance announced on Wednesday, in turn, has started to intervene in the market and sell their stocks of dollars.

The Greek parliament has not chosen on Wednesday in the first round of a new president. Candidate for this office is Stavros Dimas, policies now co-New Democracy. The second round will be held on December 23, and the third or 29th of December.

The failure of the third round automatically mean the dissolution of parliament and early elections. In polls conducted SYRIZA leftist party that wants to resign from the endorsed by the European Union and International Monetary Fund aid program for Greece and the accompanying budgetary restrictions.

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