The reaction of financial markets in the United States wasmoderately positive - practically all asset classes, reliable bonds, risky bonds, gold, and stocks rose slightly in price. Futures on the FRS rate are expecting a reduction in the discount rate at the meeting on July 31 with a 100% probability. The reaction in Asia to these events is brighter - futures on theNasdaq on European morning are trading at + 0.8%, gold was approaching close to 1,400 (although it is now gone, but still + 2.6% - gold has gained most of all from recent events ), the yield on 10-year government bonds fell to 1.98% per annum. A reporting season will also begin in mid-July, what will have a local impact on the stock market. Forecast earnings will expect investors foremost in the second half of 2019.
20 June 2019
The US FRS expectedly kept its discount rate yesterday unchanged.
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