US Federal Reserve kept interest rates close to zero and the rate of monthly asset purchases at $120 billion. Fed chair Jerome Powell said that now was not the time to be making changes as “Risks to the economic outlook remain”. Investors will be looking for clues regarding the pace of economic recovery in the US initial jobless claims data released later today.
Today is a very busy day for earnings both in Europe (Shell, Total, Airbus, Unilever) and the US (McDonald’s, Caterpillar, Comcast). Apple reported on Wednesday and easily beat market expectations.
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.’