- US stocks rallied yesterday and the S&P reached an all-time high after the Fed failed to deliver any hawkish surprises and lowered their long run view of the Fed Funds Rate to 3.75% from previous view of 4.00%. Finally, the S&P 500 finished up 0.77% at 1956.98, the DJIA finished up 0.58% at 16,906.52 and the NASDAQ 100 finished up 0.62% AT 3804.61.
- US Treasuries rose yesterday and the curve flattened after the FOMC projections showed that the projection for the Fed Funds Rate in the long run is 3.75%, below the prior forecast of 4.00%. At the pit close T-notes settled at 124.07 (up 11+ ticks).
- ASIAN DAILY ECONOMIC RELEASES gives you a summary of how the US equity and fixed income markets closed and an economic calendar for the Asia-Pacific session to keep you abreast of up coming events. If would like to upgrade your account to receive access to this report please contact us at firstname.lastname@example.org.
Print 21:01, 18 Jun 2014 - Asian News - Source: RANsquawk
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