European shares is up today, led by Aggreko with a bullish trading update. The European market is up despite the concern about the FED`s tapering plans this week. Much higher fear in Japan, while Nikkei sled -1,6%.
The S&P was down -1,65% last week. The worst week since August. Facebook (FB) went in the opposite direction and bucked the market trend lower, finished up +11,22%, trading at $53,32. Facebook will now join both the S&P 100 and the S&P 500.
Many investors are very satisfied with this bullish year 2013, but now all the investors eyes are on the Federal Reserve later on this week. The FED have a two-day policy meeting Wednesday.
FED is very powerful! Everything they say have a huge impact of the financial markets. The question now is whether they will continue QE or start to taper, the huge bond buying program that has made the massive mega-rally on Wall Street.
Look out for the brand news later on this week. The FED Statment will be launched at 2pm ET. Later on the same day, a FOMC Press Conference will be held at 2.30pm. This is very very very important news.
News today (all times are Eastern Times) : Empire State Manufacturing Index at 8:30am, TIC Long-Term Purchases at 9:00am, Capacity Utilization Rate & Industrial Production at 9:15am.
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