| European markets CAC 40 ,DAX,and FTSE 100 gained |
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gnutrade.satya
Senior Member
Cash: $ 48.60
Posts: 220
Joined: 06 May 2009
Location: Hyderabad
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| European markets CAC 40 ,DAX,and FTSE 100 gained |
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The day ended on a high note after speculations subsided that the Federal Reserve may tighten lending policy after it raised the dicount rate to 0.75 percent. Arifa Sheikh-Usmani, equity trader at Spreadex, said: "The inflation numbers came in not as high as people were expecting so there is less chances of the economy overheating quickly."
Stephen Pope, chief global equity strategist at Cantor Fitzgerald in London, said: "The market should have realized fairly quickly that it’s not the end of easy money. It shows a sign of confidence. We still have a situation of very comfortable conditions for corporates and equities overall.”
France’s CAC 40 gained 0.6 percent, as did the UK’s FTSE 100. Germany’s DAX added 0.7 percent.
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Mon Feb 22, 2010 11:46 am |
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