FX & CFD trading involves significant risk
U.S. markets were rallying on Wednesday on an upbeat economic outlook by the FED and Janet Yellen's statement that the bank is going to take a patient approach on hiking benchmark interest rates. The DOW JONES added +1.69% closing at 17,356.87 points, the S&P 500 posted its biggest gains since October 2013, rallying +2.04%, climbing again over 2,000 points with a final quote of 2,012.89. U.S. consumer prices declined by -0.3% from the previous month. Today market participants await the Initial Jobless Claims, the Philadelphia Fed Manufacturing Index and the preliminary Services PMI.
Hong Kong's Hang Seng added +0.95% to 22,801.15 and recouped some of its losses after correcting for a week. China's Shanghai Composite closed at 3,057.88 points after volatile trading, a loss of -0.10% after reaching new high yesterday.
Japan's Nikkei added the most in 4 weeks trading +2.32% closing at 17,210.05 after the Japanese yen fell against the greenback on the FED's policy to take a "patient" approach to hiking interest rates. Solid gains on the U.S. markets further added to the positive sentiment.
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.