21-11-2016
Weekly comment MM Prime TFI - November 21, 20116
Emotions related to the American elections subsided clearly. Nevertheless, most of major global stock indices ended last week in positive territory. In the US, the NASDAQ rose by 1.6%, the S&P500 soared by 0.8% and the DJI increased by 0.1%. In Europe, British FTSE250 took off by 1.2%, French CAC40 went up by 0.3% and German DAX fell by 0.03%. There were a lot of significant movements in the bond markets and the foreign exchange market. An increase in risk aversion contributed to the sell – off of the treasury bonds on the global market. In addition, during the speech in the American Congress Janet Yellen reiterated that the decision concerning the interest rates raise should be made in the near future.