DAX-Sentiment: Who’s Afraid of the Big, Bad Fed?

20. June 2013 by Gianni Hirschmüller

Pre-FOMC period has seen largest bullish swing in months

19 June 2013. FRANKFURT (Börse Frankfurt). Since Chairman Bernanke hinted last month that the US Federal Reserve might start winding down its asset-purchase program, markets have taken fright. Higher volatility and meaningful falls ensued in the prices of US stocks and bonds as well as in emerging market financial assets. Investors have since been pre-occupied by the potential timetable for this stimulus withdrawal. Such is the tension, one major financial TV network considered it newsworthy to broadcast live images of the Mr Bernanke (behind blacked-out car windows) arriving at the Federal Reserve for the start of the two-day policy meeting…

 Read more at Boerse Frankfurt’s website


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vposted on 20. June 2013 at 11:36 am

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