Financial markets continued to react positively to Fed’s monetary stance in September. Catching up with Wall Street’s risk rally just after the FOMC announcement, the pan-European STOXX 600 gained +1.6%. Germany’s DAX soared +2.3% while the UK’s FTSE added +1.1%. Wall Street climbed further higher with DJIA and S&P 500 indices adding +0.5% and +0.7% respectively. Much of the gain was driven by the energy sector. Energy prices soared as the meeting between Saudi Arabia and Iran ignited hopes of output freeze.
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Risk Rally Continued in the Aftermath of FOMC Meeting
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