Market Snapshot – Markets in Buoyant Mood

Markets Move Higher

The European share market has been buoyant for the day today as the inflation data from the Eurozone came in weaker than expected. This gave rise to expectations that the QE would be continue to be done for a longer time and this helped the stock markets to move higher. Also, the risk sentiment has been generally good over the last couple of days and this has also helped the global stock markets to continue to trade in a strong manner during this period. The volatility has certainly increased this week and the fact that we are entering into the last month of the year has been greeted by the traders with some cheer.

Tax Reform Bill Brings Cheer

The progress of the tax reform bill through the Senate has been greeted with some strong performance by the US stock indices and they have also been buoyed by the prospect of a rate hike in December from the Fed. The tax reform bill, once it is passed, would be a boon for the corporates in the years to come and that is why we are seeing so much cheer in the markets.