Interest rates
Waits for the Fed?
On the financial market in London, suggests the US is currently – at least when it comes to the Provide, the broker just deals with. Everything looks amazing on the Brexit. And it Fed chair Yellen is in the evening in front of the press.
The second day, the US Central Bank advises on Wednesday over the Welfare of the US economy, the results will explain Janet Yellen in the evening in Washington. Traders in New York and Frankfurt and London to keep until then, the feet is rather quiet. However, hardly anyone expects the Fed will actually do, like months ago, announced a further interest rate step.
Last December, the Central Bank had lifted the year-long Zero-interest-rate policy, the key interest rate to a level between 0.25 and 0.5 percent. Along with this, and repeated in the last time Fed chair Yellen had said that you think for more gradual increases “in the next few months”, should not deteriorate the economic development.
Since December, has passed half a year, “in the next few months” could be now, in June, as many market suspected participants in the last time. But now, in June, the Brexit-the decision of the voters in the UK. And everything is overshadowed currently. Also, the interest rate policy of the Fed, are convinced observers. Hardly one thus expects an interest rate step.
No clear Signal?
“You should not assume that the Fed is ready to send a clear Signal to the timing of an interest increase,“ says Roberto Perli, economist at Cornerstone Macro. The issue of Brexit dominate about a week before the Referendum on the fate of the UK in the EU continue to Happen, said stockbrokers. Finally, the US Central Bank will move due to the uncertain outcome of the vote, its planned increase in interest rates.
Fed Chair Janet Yellen
However, investors hope to gain from the accompanying Comments from the Fed Chief hints on the timing of an increase. In March, the forecasts of the Fed’s two interest rate steps in the course of this year. But the picture worsened in may, surprising on the U.S. labor market: Instead of the expected 162.000 new jobs only 38,000 Jobs were added in the labour market, the Fed is an important indicator, to the look at of your assessment, in addition to Inflation.
Inflation in the United States has long been the target of two percent away, and will not change according to the Fed, then, as quickly. The economic data in the United States, therefore, are not gloomy, but also not as rosy as just a few months ago. And then there is the risk of the UK. A Brexit could, according to estimates of the International monetary Fund a massive impact on the world economy.
UK: Voting for the EU Referendum
Uncertain Times
The British decide on the 23. June. On the stock exchanges of nervousness for days after the polls, a EU-exit of the British is quite likely to appear. The leading German index, the Dax, opened on Wednesday with a Win. On Tuesday, he had lost because of the fear of investors of a Brexit and its consequences 1.4 percent.
It was the fifth Minus in a row. How often in times of great uncertainty, investors fear seems to be the worst, and positioned themselves accordingly, said stock trader Markus Huber by the broker house in the City of London. “Therefore, further price losses in the coming days is likely to, if not by a significant shift of public opinion, or a kind of verbal Intervention to restore peace.”
ar/zdh (rtr, dpa)