Back
18 Sep 2013
Soaring stocks in the lands of the rising sun
FXstreet.com (Chicago) – Hours prior to the end of the FOMC meetings, rumors spread on reduction of bond-buying program estimates from $15B to $5B, sending Japanese stocks up.
Bloomberg reports the most recent survey of economists concludes purchases will be reduced to $5B instead of past speculations at $10 - $15B. Regardless of tapering, market participants seem bullish at the moment and reactions are expected once final conclusions will be reached. Fueled by rumors, the Nikkei 225 trades 1.79% higher followed by the Indian Sensex up 0.31% and the S&P CNX Nifty up 0.17%. In China, the markets register losses with the Shanghai Composite down 2.05% and the Hang Sen 40 losing 0.31%. The Indonesian IDX is also down 0.10% similarly to the S&P/ASX 200 down 0.11%.
Bloomberg reports the most recent survey of economists concludes purchases will be reduced to $5B instead of past speculations at $10 - $15B. Regardless of tapering, market participants seem bullish at the moment and reactions are expected once final conclusions will be reached. Fueled by rumors, the Nikkei 225 trades 1.79% higher followed by the Indian Sensex up 0.31% and the S&P CNX Nifty up 0.17%. In China, the markets register losses with the Shanghai Composite down 2.05% and the Hang Sen 40 losing 0.31%. The Indonesian IDX is also down 0.10% similarly to the S&P/ASX 200 down 0.11%.