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Investors shifted their focus from Trump to Fed

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Investors shifted their focus from President Trump to the speed at which the Fed wants to increase the base rate in the country. At present, the dollar is strengthening against its main competitors, the market for bonds falls and the stock rises. Better data from China prompted most industrial metals to appreciate. Shares of mining companies have also risen.
Bloomberg Dollar Spot index rose to a one-month peak, while the yield on 10-year government securities in the United States reached a weekly peak. Bank shares rose considerably after it became clear that the ability to raise rates in March reached 80%.
The statement of Trump missed a clear message to investors about what thoughts do with tax changes and external migration policy. He mentioned that there will be tax changes and spending on infrastructure, but did not announce any dates or volumes. He called on Americans to renounce conflict and all together to rebuild factories in the country. He stressed also the replacement of Obamacare.
This Friday Janet Yellen will speak in Chicago, and investors will listen carefully and will look for clear guidelines on when and how much will be raised interest rates.

Here are the basic movements at the time:

Currencies

  • Bloomberg Dollar spot index rose 0.6 percent as this is his fourth consecutive day of increase.
  • The euro fell 0.4 percent to $ 1.0529, while the British pound weakened by 0.6% to $ 1.2311.
  • The yen amid rising markets fell by 0.8%.

Stocks

  • European indexes rose, with the industrial sector added 1.1 percent and the bank enjoyed growth of 2.5% at present.
  • SP500 futures added 0.6%
  • Japan's Topix added 1.2 percent during the Asian session.

Bonds

  • 10-year US bonds rose to 2.45% yield.
  • German counterparts fell to 0.26 percent after inflation data came out better. Meanwhile purely fundamental perspective negotiations on Brexit and upcoming French elections where Marie Le Pen continues to gain confidence in the electorate adversely affect the entire eurozone.

Commodities 

  • Gold declined by 0.6% and currently traded at levels around $ 1,241.40.
  • WTI rose 0.3% to $ 54.16 levels. The raw material is still unable to overcome the limit of $ 55.
  • Copper amid better data from China added 1.3% to its value.

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