08-05-2017
Weekly comment MM Prime TFI - May 8. 2017
In the first week of May major global stock market indices were dominated by the green color. During the whole past week, French CAC40 rose by 3.1%, German DAX increased by 2.2% and British FTSE250 went up by 0.4%. In the US, the NASDAQ took off by 0.9%, the S&P500 soared by 0.6% and DJI grew by 0.3%. The market focused on the FOMC meeting last week. In line with expectations, the interest rates remained unchanged. Nonetheless, neither the Fed statement nor the public commentaries of the bank representatives were too much interesting. What is more, these did not concern the shape of the future monetary policy.