Thursday, September 13, 2012

Hoping for the best


The eurozone cleared a key hurdle towards resolving its debt crisis, after Germany's constitutional court allowed a permanent bailout fund to go ahead. US Federal Reserve could soon decide to unleash more stimulus cash, or quantitative easing, at its latest monetary policy meeting.

Markets have been speculating for weeks whether or not the U.S. central bank will announce fresh stimulus measures. Markets were eyeing the outcome of the Fed’s policy meeting today, amid growing speculation that the U.S. central bank may implement a third round of quantitative easing to support growth. European stocks are expected to start flat as investors hold their breath ahead of the U.S. Federal Reserve's rate decision. Profit taking continues ahead of the Fed decision.

Read lot more in Rubber4U – 15th September 2012 issue

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