Wall Street’s meteoric rise continues on Wednesday with US stock futures posting outsized gains in tandem with global equity markets. Risk appetite improved dramatically overnight on strength in oil futures, upbeat global corporate earnings and progress towards US tax reform.
Focus is on the Federal Reserve this morning with the Federal Open Market Committee expected to keep interest rates unchanged, and again tomorrow when President Donald Trump is likely to appoint dovish governor Jerome Powell as the next Fed Chairman.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.