Global shares falter as Fed fails to maintain upbeat sentiment

17.09.2020 - Evdokimov Roman
Global shares falter as Fed fails to maintain upbeat sentiment

Global shares were seen at lows, while the dollar jumped on Thursday. This followed after the Federal Reserve pledged to maintain ultra-low interest rates for a long time. However, it opted out from providing stimulus to salvage the virus-beaten U.S. economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.82% decline. The index was seen losing its momentum after five consecutive days of earnings. Japan’s benchmark index Nikkei dropped 0.45%

In Asia, futures for the S&P 500 declined 0.85%. The drop came after the S&P 500 shed 0.46% on Wall Street. Meanwhile, the tech-heavy Nasdaq tallied a 1.25% loss as its futures dropped 1.13%.

While the Fed pledged to hold interest rates near zero until inflation surpassed the 2% inflation target, recent economic outlook foresees that inflation will never surpass 2% over the course of three years.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?