Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Markets Start Higher Before Bernank

ByNicholas Santiago
Published 03/13/2012, 11:54 AM
Updated 07/09/2023, 06:31 AM
NDX
-
DJI
-
INFY
-
TTM
-
BIG
-

This morning, the S&P 500 Index e-mini futures (ES-H2) are trading higher by 6.50 points to 1379.00 per contract. It seems that the major stock indexes are on the rise before the Federal Open Market Committee (FOMC) meeting this afternoon. The central bank is expected to leave the Fed funds rate unchanged at zero to a quarter percent. The Federal Reserve Bank has kept this key rate at zero percent since December 2008. Many investors and traders are expecting the central bank to continue its easy money policy. Even last week, when the Dow Jones Industrial Average sold off by 200.0 points there was chatter leaked out by the central bank about another round of quantitative easing. This action by the Federal Reserve would be very difficult to do at this time with the current high energy prices, however, traders are still expecting it in the future.

Last night, all of the major Asian stock indexes finished sharply higher. The big winner last night was the Sensex Index (India) closing higher by 1.28 percent. Traders should watch for early strength in many of the leading Indian ADR's. Stocks such as Infosys Ltd (NASDAQ:INFY), Tata Motors Limited (NYSE:TTM), and the The India Fund Inc(NYSE:IFN) could be strong today.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.