Market Snapshot – Markets Continue to be Buoyant

Stock Markets Continue to Remain Strong

The stock markets in Europe and Asia have been generally higher on the back of some strong improvement in the risk sentiment around the world. The threat from North Korea has subsided and even their occasional threats have been having lesser and lesser effect on the markets over the past week or so. This has helped the stock markets to move higher and we are seeing the US stock indexes moving to record highs as well. The European markets have not been left behind and they have been boosted by the final CPI data from the Eurozone which came in stronger than expected. This helped to keep the markets buoyant though the DAX continued to trade within a tight range.

FOMC and Trump The Keys for the Week

Looking ahead to the coming week, we have the FOMC in the middle of the week and it is being looked forward to by a large part of the market for any kind of indications on when the next rate hike from the Fed would be. The market would also like to know where the Fed thinks the US economy is headed as the incoming data from the US continues to be choppy over the last few weeks. We also have Trump addressing the UN tomorrow and this could also be a risk event in the near future in case he likes to launch a tirade against certain countries. It should be a volatile time in the upcoming week.