MSCI World Equity Index rose 0.2%
While Joe Biden proposed a stimulus package, stocks around the world made even more profits after the Federal Reserve on Thursday.
The MSCI World Equity Index, which tracks stocks from 49 countries, rose 0.2% towards its highest month since November, Reuters reported.
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The U.S. Treasury will score 1.8 basis points on 1.6486, below the two-week high on Wednesday, as Eurozone government bond yields fell below the two-month high.
Federal Reserve Chairman Jerome Powell yesterday changed policy after the US Central Bank failed to change interest rates and its bond purchasing program despite positive outlook on the US economic recovery. “It’s not time yet” to discuss the issue.
François Savary, Chief Investment Officer at Prime Partners at Swiss Wealth Manager Manager, said the Fed’s position, robust US corporate revenue and the notion that Biden is growing in infrastructure all support the market. It’s there.
“The Fed has reviewed its roadmap for policy changes, which is an encouraging factor,” he said. “Tapering doesn’t seem to happen until 2022, which will cause weakness in the dollar, support market liquidity and mean less pressure on emerging markets.”
