Dow reaches 16,000. - 18th November 2013
The Dow Jones is currently up 52 points at 16,013, after rising as high as 16,030 shortly after it opened at 2.30pm UK time.
The Dow Jones is currently up 52 points at 16,013, after rising as high as 16,030 shortly after it opened at 2.30pm UK time.
The ECB today cut its benchmark interest rate by a quarter point to 0.25% (a record low) after Eurozone inflation dropped to an annual rate 0.7% (the slowest pace in four years).
The US Federal Reserve refrained from tapering in this week’s Federal Open Market Committee (FOMC) meeting.
The US Federal Reserve did surprise the markets yesterday.
Federal Reserve policy makers meet this week.
US equities have now erased all the losses.
Equity markets have started to rebound after last week’s sharp falls.
The FTSE 100 is back above the 6,700 level for the first time since October 2007.
Ian Copelin, Investment Director, my wealth, comments on the global equity market.