FX & CFD trading involves significant risk
What Wall Street's big-money managers predict for 2015
Buy Japan. Buy Europe. Buy technology. Avoid energy. Avoid Russia.
That's what the Big Money is saying as we get ready for the new year. This is according to the latest in-depth survey of institutional money managers conducted by Bank of America Merrill Lynch. In total, the poll-takers interviewed over 150 professional investment managers around the world with nearly $450 billion in assets under management.
Fed Won't Stop Gold's Recovery in '15, ANZ Says as Asia Buys
Gold prices will recover next year as demand in China and India improves, according to Australia & New Zealand Banking Group Ltd., which forecast an advance for bullion even as the Federal Reserve raises interest rates.
Rouble regains ground as trading remains nervous
Russia's rouble has regained ground from Tuesday's all-time low, although trading remains edgy and volatile.
It opened 4% lower on Wednesday, but edged up. In early trading, one US dollar bought 66 roubles, far fewer than the record low of 79 on Tuesday.
Oil prices skid ahead of Fed meeting
US oil prices resumed their downward slide in Asian trade on Wednesday, and Brent crude stayed below the key $US60 mark, as markets braced for the outcome of the US Federal Reserve meeting later in the day.
The market expects the Fed to change some of the language in its policy statement, when it concludes its two-day meeting, to signal that a rate hike is likely in mid-2015. Commodity markets, which have benefited from the easing of US monetary policy in the last few years, could come under pressure if the Fed tightens its stance. Analysts also expect an upward revision to US GDP growth forecasts in response to the slump in oil prices.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.