Fed policy decision and UK General Election, what to expect
Created 10/30/2019 at 10:03AM
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CHF and AUD are the top G10 FX gainers today, up 0.22% and 0.15% vs the dollar while SEK and NOK are the top losers, down -0.29% and -0.09% vs the dollar.
Fed will meet for another policy decision later on Wednesday: according to the CME Fed watch tool, a cut of 25bp is 96.2% priced in. Overall, the market will focus on the balance sheet issues; off lately Fed has shifted from shrinking of the balance sheet to expanding of the balance sheet.
In the Asian equities space, the Nikkei 225 closed -0.57% at 22,843.12, Hang Seng closed -0.44% at 26667.71 and Kospi ended -0.59% at 2080.27. The European equities were trading mixed with the FTSE -0.14% at 7296.24, DAX -0.24% at 12908.65, and CAC 0.12% at 5747.2. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 1.8262% and the Bund 10-year yield trading at -0.356%. In the energy space, the Brent (front month) is trading up (0.21%) for the day at $61.72.
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