Equity markets extend gains – Equity markets rose strongly last week, as the Federal Reserve’s decision to launch a third round of quantitative easing to bolster the US economy along with upbeat news out of the eurozone gave fresh impetus to risk assets. Equities extended earlier gains as the week progressed, and commodities including gold …
Equity markets retreat – Equity markets worldwide finished the week lower, but well off their lows of the week, as disappointing economic data releases overshadowed Ben Bernanke’s comments following the Jackson Hole Economic Policy Symposium. Federal Reserve – At Jackson Hole, Chairman of the Fed, Ben Bernanke, defended the effectiveness of the actions it has …
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