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US Equities Gain Ahead of FOMC, UK MPs Reject Election Call

JFD

US equities edged north yesterday, with the S&P 500 hitting a new record high, as US President Trump said he expects to sign a significant part of a deal with China ahead of schedule. Now, equity investors may turn their attention to the FOMC decision, which is scheduled for tomorrow. In the UK, lawmakers rejected Boris Johnson’s call for new elections, with the Prime Minister saying that he will make another attempt.

S&P Hits New Record Ahead of Fed Decision

The dollar traded lower against most of the other G10 currencies on Monday and during the Asian morning Tuesday. It gained only against NOK, SEK and JPY, while it underperformed the most versus AUD, NZD, and GBP.

Although not so clear by the performance in the FX sphere, the weakening of the yen and the strengthening of the commodity-linked Aussie and Kiwi suggest a risk-on...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/us-equities-gain-ahead-of-fomc-uk-mps-reject-election-call-20191029
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