Afternoon Briefing 19 Sep: Sterling Rises on Interest Rates Hike

DCFX · 19 Sep 4.8K Views

Asian Markets

Asian shares weakened as investors analyzed the Australian central bank minutes and waited for the Fed's decision on interest rates.


European Markets
.

European shares opened higher partly due to the Fed meeting ahead and strengthening beyond expectations.




US Pre-Open Markets

US stocks are still likely to rise because ahead of the Fed policy meeting it is predicted that it will be in line with expectations.


Commodities

Oil prices are still rising due to concerns about a supply deficit, after Saudi Arabia and Russia were predicted to extend joint troop reductions until the end of the year.




U.S. Treasury Yield
.

10-year treasury yields tend to weaken ahead of the Fed meeting which tends to worry about the Fed's future decisions.


Major Currenc
y Pairs

Sterling tends to rise slightly because the BoE's increase in interest rates may be difficult to stem the weakening and the influence of rising USD.



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