Market Headlines 20/09/2017

US

  • The S&P 500 Index edged higher for a third day, rising 0.1%.
  • Moves in the dollar and US Treasury yields were also muted after Donald Trump gave a speech to the United Nations and as the Federal Reserve began a two-day meeting.
  • Market attention will turn to the Fed decision today, with a focus on details on unwinding part of the central bank’s $4.5 trillion balance sheet

 

Europe

  • European stocks held little changed as energy companies rallied to a three-month high rising 0.6%. The telecoms sector was the top industry group performer yesterday gaining 0.9%.
  • In the UK the FTSE 100 gained 0.3% yesterday despite the pound swinging between gains and losses following speculation that Boris Johnson could resign if disagreement with PM Theresa May on Brexit strategy continues.

 

Asia

  • In Asia overnight Chinese and Japanese equities gained modestly as investors away the US Fed decision today.

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