27-02-2017
Weekly comment MM Prime TFI - February 27, 2017
The economic calendar was not rich and major global stock market indices did not see any significant changes last week. In the US, the DJI rose by 1%, the S&P500 increased by 0.7% and the NASDAQ soared by 0.1%. In Europe, German DAX went up by 0.4%, while British FTSE250 fell by 0.6% and French CAC40 decreased by 0.5%. This time the publication of the minutes from the last FOMC’s meeting deserved the event of the week name. The document confirmed the hawkish attitude of the council. Moreover, many representatives of Fed in their commentaries said that the increase in the interest rates should be possible soon. However, the market seemed to be quite sceptical about the announcements of the FOMC.