The Fed wishes us a quiet New Year’s Eve!

By 12/12/2019News
Morning Stock News

Gold   1473,80
(-0,06%)

EURUSD   1,1139
(+0,06%)

DJIA   27949,50
(+0,10%)

OIL.WTI  58,92
(+0,26%)

DAX   13138,01
(+ 0,01%)

That’s what comes to mind after the results of the Fed meeting were announced. Of course, everyone understood that the interest rate would remain unchanged. Investors were more interested in whether the tone of the Fed’s policy would change, as well as future forecasts.

DAX30 chart of the day

trading-news-11.12.2019 (2)

Everything’s completely unchanged. Future inflation, future U.S. GDP and future interest rates have not changed at all.

EUR/USD

The Euro has been growing for the third day in a row and is close to the highs of last week. Whether the euro/dollar pair will go up sharply will be clear tomorrow at the end of the European Central Bank meeting.

GOLD

Gold added almost $10, the bulls did not see any signals of tightening monetary policy and considered it a positive factor.

INDICES

Full compliance with forecasts (results of the Federal Reserve Board meeting) was also positively received by stock markets. What do investors need? That’s right! Stability and certainty. On Wednesday evening, they got exactly what they wanted.
And of course, the main event of this week is the IPO of Aramco. After a long preparation, Saudi Arabia brought to the exchange the world’s largest company in terms of capitalization, engaged in the production and sale of oil. During the first day of trading, the share price rose by 10%, and the company’s value approached 1.9 trillion U.S. dollars.
It should be noted that only 1.5% of the company’s shares were sold to investors during the IPO. The rest is in the hands of the Saudi Arabian authorities. All the proceeds from the placement will be used for projects related to the diversification of the oil business.

What awaits us today?

08.00 Harmonised consumer price index Germany
09.30 Swiss National Bank decision on interest rate
13.45 ECB interest rate decision
14.30 Press Conference of ECB Chairman


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