Interest Rates & Oil Prices- Earnings: PPL, ENB, PKI, VET, TA, Preferred Shares
This is only a sample of the article, please login to view the entire article
The transfer of reins at the US central bank is an event with the potential to move markets. Pending ratification by Congress, the change in leadership has so far been accomplished with barely a ripple in the key indicators.
The Central Bank of England joined in the high profile occasion, raising interest rates for the first time in 10 years, only to have their 10 year bond yields move in the opposite direction.
Interest rates, currencies and stock markets were surprisingly sanguine about the whole process. Interest rates on 10 year benchmark bonds were lower, the US dollar index (DXY) was stable and globally, stock markets gained by an average of 0.5%.
You must be a member to view the entire article, please subscribe or login