Following a mainly positive session from the Asia-Pacific where trading was thinned because of Japan’s closure, the pan-European Stoxx 600 index rose to 0.2 percent. Global stocks surged following geopolitical angst which motivated central banks to go on with ultra-accommodative monetary policies. Index futures have implied that the S&P will rise by 3 points to 2,165. London’s FTSE 100 also increased with 0.3 following Arm Holdings increase a result of the SoftBank’s bid of £23bn.
This leads to FTSE All-World Index with 271.65 suggesting a best close by the last quarter of 2016. The global equity rally is the acceptance of the major central banks who may also be wary of the growing borrowing costs or may also suggest an ease of the monetary policy to help the economies.
Analysts have argued that events like the Brexit and Turkish failed coup may result to markets absorbing these in order to add to a long term of lowered interest rates.
The material has been provided by InstaForex Company – www.instaforex.com