What Will the Federal Reserve's Meeting Records Reveal?

April 8, 2015

Yesterday the world’s financial markets closed mixed. In Europe, the FTSE 100 grew 1.88 percent to 6,961.77 points, the DAX gained 1.3 percent going up to 12,123.52 points, and the CAC 40 advanced 1.52 percent up to 5,151.19 points.

In Russia, the MICEX index fell 0.29 percent to 1,695.64 points while the RTS index added 0.02 percent reaching 971.24 points.

US equity posted a slight drop – the Dow Jones fell 0.03 percent to 17,875.42 points, the S&P 500 shed 0.21 percent down to 2,076.33 points, and the NASDAQ – 0.14 percent down to 4,910.23 points.

The NYMEX price of WTI oil futures for May rose by $1.84 and made $53.98 a barrel. The price of Brent oil futures for May delivery on London’s ICE went up by $0.98 and reached $59.10 a barrel.

On the Forex market, EUR/USD displayed insignificant changes. Today, the Federal Reserve will publish its meeting records from 17-18 March. They may shed light on when the key interest rate will be raised, and the pair could react to the release of the meeting notes.   

Anna Gorenkova, NordFX Analyst

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