Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Trading in Asian markets is on a positive trend this morning, after rising on Wall Street last night. Trading in New York indices is stable. The yield on 10-year US government bonds rises to 1.60%.
Leading Wall Street stock indices climbed to new highs last night, following the Federal Reserve announcement. The Dow Jones rose 0.3% and the S&P 500 rose 0.7% to 4,660 points.
The US Federal Reserve has announced, as expected, the start of the “tapping” – a reduction in bond purchases (quantitative easing). US interest rates remain, as expected, unchanged at 0% -0.25%.
Members of the Fed’s Open Markets Committee yesterday decided to reduce bond purchases, which stood at about $ 120 billion a month ($ 80 billion for government bond purchases and another $ 40 billion for mortgage-backed bonds) by about $ 15 billion Per month ($ 10 billion in government bonds and $ 5 billion in mortgage-backed bonds, starting this month), in an initial phase.
In the commodity trading arena, oil continues to lose ground after a sharp drop yesterday and a contract for a Brent barrel drops 0.7% to $ 81.4.
The crypto market is down slightly, with Bitcoin trading around $ 62,400 and Ether retreating and trading around $ 4,570.