Global Indices towards record high, US economic data, ECB’s “accommodative” policy and Carney’s speech in Focus
Global indices are pushing towards their record high
The European markets are trading higher during the early hours of trading on the back of an another positive finish on Wall Street where all major indices are once again pushing towards the record high. The correction for these markets seems to be very small, and the bulls rush to the market, soon they see a tweak of 4-5% and push the indices back towards their record highs. This is purely due to a strong optimism among traders that either Fed will do a very little taper during their meeting next week or perhaps there will be no taper at all.