UK and European stocks have opened higher this morning. In the US this week’s focus will be on the FOMC (Federal Open Market Committee) meeting tomorrow and Wednesday. Following last week’s $1.9 trillion stimulus package, there is some expectation that the Fed will lift its GBP forecast. Markets will be watching for that and the latest interest rate announcement.
The stimulus includes a direct payment of $1400 per person. Bank of America predict this will increase investment in equities from retail traders and lift stocks higher, extending the recent new highs in US markets.
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