Markets digesting Fed announcement and earnings

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.

Markets digesting Fed announcement and earnings

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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.

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