All Eyes on FOMC’s Dot Plot. Transition Deal and Softer CPI Sent Mixed Message to BOE’s Policy Outlook
The rally in oil prices lifted Wall Street. The positive sentiment is carried forward to Wednesday, with shares in Asia Pacific mainly higher. Wall Street gained with the DJIA and S&P 500 indices adding +0.47% and +0.15% respectively. Nasdaq gained +0.31% despite the selloff in tech shares, led by the -2.6% decline in Facebook shares on US Federal Trade Commission’s investigation of the company’s practice of using personal data.
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All Eyes on FOMC’s Dot Plot. Transition Deal and Softer CPI Sent Mixed Message to BOE’s Policy Outlook