Stocks higher at start of week

In the US this week's focus will be on the FOMC (Federal Open Market Committee) meeting tomorrow and Wednesday.

Stocks higher at start of week

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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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