Sentiment Lifted on Hopes that Fed will Ease Further

Despite lingering concerns in sovereign crisis issues in the Eurozone, market sentiment improved modestly in European and US sessions on anticipations that the Fed would announce additional easing measures after the FOMC meeting. Investors were getting more confident that Greece would meet the requirements of getting the next tranche of funding. Macroeconomic data was not at all encouraging. ICSC weekly retail sales dipped while housing starts unexpectedly plunged.

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Sentiment Lifted on Hopes that Fed will Ease Further