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Commodities Briefing - Categorized | Performance more

How commodities will perform in the fortnight ahead

Posted on 22 March 2016

On a fortnightly basis, global equity markets traded on a mixed as markets discounted the dovish move by the US Federal Reserve who cut its projection for the number of 2016 rate hikes from four to two. The committee also noted that the recent global economic and financial developments have been hampering the economy of the United States which prompted them to leave the borrowing rates unchanged.
Moreover, fear of deflation prompted the European Central Bank President Mario Draghi to introduce a new round of monetary policy easing programme. The ECB raised monthly asset buys to 80 billion Euros from 60 billion Euros and cut its main refinancing rate to zero from 0.05 percent………………………………………..Full Article: Source


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