$DXY $GBP
“World stocks eased from their record highs, while USD reached its highest in 8 days Thursday, after hawkish/dovish remarks from a senior Federal official” — Paul Ebeling
Fed Vice Chairman Clarida said Wednesday he felt the conditions for raising interest rates could be met by the end of Y 2022, raising Qs about when the Fed might begin to scale back its bond-buying program
It is a question not of if the Fed taper but how fast the Fed taper, I say, not now or for a while.
The MSCI world shares index was steady at 729.68, versus a record peak of 731.88 hit in Wednesday’s session.
European stocks hit record highs and were up 0.21% on strong earnings from Danish company Novo Nordisk and German industrial firm Siemens.
UK stocks were steady and the GBP rose 0.18% against USD ahead of a Bank of England Policy meeting.
Chinese regulatory crackdowns on sectors from property to education squeezed Chinese stocks and overshadowed the region as a whole.
The Chinese blue chip index was down 0.61%, weighed primarily by investors dumping online gaming companies, fertilizer producers and e-cigarette makers fearing criticism of these industries in state media could portend more government crackdowns.
The Hong Kong index fell 0.83% and Korea, was down 0.3%. But Australian shares hit a record closing high, led by banking stocks, and Japan’s Nikkei climbed 0.52%.
Have a prosperous day, Keep the Faith!
