Stocks bounce despite Fed minutes hinting at tapering

Stocks bounce despite Fed minutes hinting at tapering

UK and European stocks are bouncing back a little this morning despite minutes from the US Federal Reserve’s April meeting that hint it could begin discussing a plan to taper its asset purchasing program “at some point.” 

The market sell-off yesterday seemed to be due to a sharp decline in crypto currencies. Equities appear to be more resilient today as there has been a further fall in crypto.

US weekly jobless numbers are released today, a closely followed metric that can provide clues regarding the pace of economic recovery.

 

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure