Stephen Innes, Head of Trading in Asia-Pacific, OANDA shares his views with BFM Radio
U.S. stocks ended at record highs last week as investors bet on another positive earnings season as shown by some corporates that released their numbers recently such as Bank of America and JP Morgan.
Corporate earnings aside, readings on inflation and retail sales numbers that were released last Friday missed expectations. But just yesterday, Fed Chief Janet Yellen gave a bright outlook for the U.S. economy and for inflation prospects in coming months. This suggests that the central bank will soon resume raising interest rates to reflect the strengthening economy.
What is Stephen’s take on this?
He also talks about how the markets are focused on the bigger picture right now – the inflation outlook in the US and Fed Chair replacement.
We also chat about how the markets would be impacted should there be an interest rate hike in the UK.
Presented by Joyce Goh
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