Last week saw markets decline as a combination of forces affected investor sentiment. As the situation in the Middle East deteriorates, millions of lives have been put at risk. Globally, concern has risen as a result, writes Ian Slattery.
US stocks ended the week up 0.2% in euro terms as Q3 earnings season kicked off. Large banks such as JP Morgan Chase, Wells Fargo and Citigroup all surprised to the upside upon release of their quarterly earnings reports, writes Ian Slattery.
The Federal Reserve kept the key interest rate in the 5.25%-5.50% following their two-day meeting last week, writes Ian Slattery. Whilst the move (or lack thereof) was in line with market expectations the post meeting press conference was seen as relatively hawkish by market participants.