Two of the three US markets closed up yesterday with the Dow Jones Industrial average closing even and the S&P 500 as well as the NASDAQ both gaining slightly. The perpetual depressant, the Nikkei was, true to form, down as the European indices are truly directionless with the FTSE down and the DAX, CAC MIB and Ibex up though hardly in a runaway fashion. This mixed directionality of the different markets around the world is indicative of uncertainty. There is no obvious direction traders are taking and therefore we have some markets up and some down. A common thought on this phenomenon is that traders are waiting for results of the announcements this week, in order to see whether their anticipation of further stimulation in the form a reduction in the cost of cash (interest rate) materializes or evaporates.
Daily Interest rates in focus
Analisi Giornaliera - 20/08/2019