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.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Ket Garden
Shiny bull 