Global markets were feeling bullish following yesterday unchanged interest rates. US markets in particular had received injected confidence to lead the rally. NASDAQ composite climbed to record highs trading now at 4883.25. The DJ30 reached 3 week highs which peaked at 18,358 points. Janet Yellen indicated that the US markets will be ready for a rate hike soon, the US job markets has recovered and overall economic performance of the US has been positive. US unemployment claims fell unexpectedly today, it gives additional strength especially heading into the busy winter period.
European stocks markets also recorded gains throughout today’s trading session, DAX +2.27%, FTSE100 up +1.10%, CAC +2.25%. The ECB added that EU employment is expected to rise faster than expected. Strong EU economic data indicates that the European region are slowly recovering.
ECB president Mario Draghi today acknowledges that BOJ’s negative interest rates may have a stable and soothing effect on the their economy. There has been positive reactions in the Japanese markets following the BOJ announcement of -0.10% interest rate to be unchanged. Nikkei composite trading at 16610, +1.75%, Hong Kong HSI +0.37%.
Commodities: Gold traded up to three weeks highs at $1,343. Crude oil trading week highs of $45.93 per barrel.