Market Headlines 14/9/2017

US

  • US. stocks edged slightly higher yesterday, rising 0.1%, as investors await the release of the latest readings on inflation for clues on the Federal Reserve’s next policy move.
  • In political news, renewed hope for a U.S. tax overhaul also helped the dollar, as the trade weighted currency increased for a third day. Trump administration officials and congressional Republican leaders are promising a new framework in two weeks for the legislation.

 

Europe

  • European stocks gained 0.3% after trading lower most of the day. Energy stocks were among some of the better performing sectors, rising 0.4%, following gains in the oil price.
  • Banking sector stocks gained for a fourth day, rising 0.5%, as European lenders were supported by higher yields.
  • In UK news, the central bank will announce their latest policy move today. Market expectations are for the BOE to remain on hold following recent data reflecting sluggish wage growth and a lack of evidence that the economy is rebalancing.

 

Asia

  • In Asia overnight Chinese and Japanese equities fell, declining 0.6% and 0.3%.

 

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