The Asian markets rose this morning, continuing the strong positive trend recorded in Wall street yesterday following the Fed’s decision to leave rates unchanged. Shanghai Composite Index was up by 0.8%, Hang Seng rose by 1.1%.
The Stock Exchange in Tokyo was closed on the occasion of the Mid-Autumn Day holiday.
Commodities:
The Brent crude oil rising by 0.9% this morning to 47.2 per barrel.
The WTI rising by 0.9% to 45.7 per barrel.
The price of gold rising by 0.4% to 1,336.8 dollars an ounce.
The leading indices on Wall street were closed last night with sharp rises after the Fed’s decision not to raise the interest rates.
The Fed Chairman Janet Yellen said that there may be one more rate rise by the end of the year.
The Dow Jones locked up by 0.9%, the S&P 500 rose by 1.1% and the Nasdaq added 1% to its value.
Oil data:
The Energy Data Manager reported that US oil inventories fell last week by 6.2 million barrels to 504.6 million barrels.
The market forecast was for a rise of 2.8 million barrels.
A positive opening of the trading day in Wall street.
The Dow Jones Industrial Average rising by 0.5%, the S&P 500 and the Nasdaq rising by 0.4%.
The WTI oil rising by 1.8% to 44.8 dollar per barrel.
In Europe, the Dax and the CAC rising by 0.5%, the FTSE rises by 0.2%.
Wall street stock exchanges on the way of a positive opening day as the
futures contracts on leading indicators rising by 0.5%.
The European stock markets opened the trading this morning with rises, following the interest rate of the Bank of Japan, and ahead of US interest rate decision later tonight.
Most analysts give a relatively small chance of a interest rate rise today, according to most forecasts the Fed will choose to operate only in December, after the US presidential election.
The Japanese bank left interest rates unchanged:
The bank kept the interest rates unchanged,at minus 0.1%, but said it would aim to keep the yields on 10-year government bonds at around current levels of zero percent.
The Bank of Japan has made changes to its stimulus programme, in its latest attempt to spur economic growth.
The bank, the Bank of Japan, said on Wednesday that it intended to “overshoot” its previous target of 2 percent year-over-year inflation growth. Its preferred measure of inflation stood most recently at minus 0.5 percent.
A positive opening today in trading on Wall Street, in light of the convening of the open market committee (FOMC) of the Federal Reserve.
The committee will discuss the issue of US monetary policy,and tomorrow at 19:00 (UK time) she will announce about its decision.
The number of building permits in the US decreased in August by 0.4% versus expectations of a rise of 2.5%.
The number of permits in August (annual calculation) was of 1.139 million versus a forecast of 1.170 million.
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