Winer said he remains concerned how much more stocks can increase in the short-term, with the US presidential election coming and third-quarter company earnings reports around the corner.
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European share are seen opening little changed, with speadbetter picking a 0.1 percent fall in Britain’s FTSE and 0.1 percent rise in Germany’s DAX.
On Wall Street, the future for the Dow Jones industrial average was up 0.1 percent while the Standard & Poor’s 500 was unchanged. US benchmark crude was up $1.08 to $46.41 a barrel, while Brent crude, used to price worldwide oils, rose 92 cents to $47.75 a barrel.
Anna Stupnytska, global economist at Fidelity International, commented: “Barring significant deterioration in the data and/or big external shocks, I believe a hike in December remains highly likely”.
There were three members who dissented in favour of higher rates. FORECASTThe benchmark S&P 500 could continue to extend its gains on Friday because of technical momentum and the general feeling that a weak economy will keep the Fed from raising rates.
But much of the relief for markets came from central banks, after the Fed left short-term interest rates unchanged on Wednesday and reduced its forecasts for long-term growth and interest rates.
The Fed’s decision to keep rates low also caused bond prices to rise and the USA dollar to fall against other major currencies, which in turn helped boost prices of commodities, which are denominated in dollars. The U.S. currency was flat at 100.70 yen, not far from a almost four-week low of 100.10 struck on Thursday and on course to shed more than 1 percent for the week. It’s the monetary-policy equivalent of, Things are going well.
Exchange rate regime applied in Azerbaijan stipulates that the Dollars rate depends on demand-supply ratio in the currency market, not the FRS decision, therefore key interest rate is not the most significant factor affecting the change in the national currency of Azerbaijan.
The yen stepped back to 101.10 to the dollar from a four-week high of 100.10 touched on Thursday after Japan’s top currency diplomat warned Tokyo will take action if needed.
The dollar index, which measures the greenback against six major currencies, was up 0.03 per cent at 95.481 in late trading.
Energy shares were also in demand after oil prices also rose on a weaker United States dollar, extending gains from the previous session when a surprise third consecutive weekly USA crude inventory draw tightened supply.
The NASDAQ Composite reached a new all-time intraday high of 5342.88, and posted a record close for the second straight session.
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The dollar hit a two-week low against the Swiss franc, falling to 0.9663 franc.
