investingLive European markets wrap: Stocks climb after Fed decision, BOE stays on hold ...Middle East

News by : (forex live) -

US futures continue to ramp higher on the sessionBOE leaves bank rate unchanged at 4.00% in September monetary policy decisionWas the Fed decision dovish or hawkish? Let's see what we got compared to market pricingFed decision has a little bit of something for everyoneECB's de Guindos: Present policy stance is appropriateEurozone July current account balance €27.7 billion vs €35.8 billion priorSwitzerland August trade balance CHF 4.01 billion vs CHF 4.59 billion prior

Markets:

EUR leads, NZD lags on the dayEuropean equities higher; S&P 500 futures up 0.7%US 10-year yields down 1.6 bps to 4.060%Gold up 0.2% to $3,666.78WTI crude up 0.4% to $64.31Bitcoin up 1.3% to $117,178

Equities bounced back with US futures pointing to solid gains at the open later. S&P 500 futures are up 0.7% with tech shares leading the way, as Nasdaq futures are up 1.0%. That is helping to see European indices jump up as well with the DAX and CAC 40 posting over 1% gains on the day.

Meanwhile, GBP/USD is down after the BOE kept its bank rate unchanged at 4.00%. The pair was holding around 1.3650 earlier but is now down 0.1% on the day to 1.3611 despite not much meaningful change in the BOE communique.

Elsewhere, we are seeing gold also recover some poise after dropping to a low of $3,634 during the session. The precious metal is back up by 0.2% to $3,666 now with dip buyers moving quickly as the post-Fed musings continue to play out.

With the focus returning to US data to either reaffirm market expectations or invalidate them, we'll have a quick test of that later today from the US weekly initial jobless claims. So, that could yet sway the post-Fed mood before we get to the weekend later this week.

This article was written by Justin Low at investinglive.com.

Hence then, the article about investinglive european markets wrap stocks climb after fed decision boe stays on hold was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( investingLive European markets wrap: Stocks climb after Fed decision, BOE stays on hold )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار