Markets end sharply higher
The Federal Reserve’s comments overnight about being patient about interest rises gave markets an early boost, and they did not look back. Even a late fall in the OIL PRICE
failed to upset investors, while both Russia and Greece seemed slightly more stable situations after recent volatility. Better than expected UK retail sales helped support the UK market, and some mixed economic signals from the US - poor services PMI, positive weekly jobless claims - only served to convince traders that dearer borrowing would not be on the cards for a while. The surprise news that the Swiss Central Bank had introduced negative interest rates also failed to upset the markets. So the final scores showed:
failed to upset investors, while both Russia and Greece seemed slightly more stable situations after recent volatility. Better than expected UK retail sales helped support the UK market, and some mixed economic signals from the US - poor services PMI, positive weekly jobless claims - only served to convince traders that dearer borrowing would not be on the cards for a while. The surprise news that the Swiss Central Bank had introduced negative interest rates also failed to upset the markets. So the final scores showed:
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