Three factors have been weighing on the global capital markets in recent months – the direction of US interest rates, the Brexit referendum and the concerns over China’s debt problems.
While Britain’s June 23 referendum on whether to stay or leave the European Union (EU) will take centre stage this week, markets will also be attuned to news flows from the June 14-15 US Federal Reserve meeting. Based on the latest FedWatch data derived from the 30-day federal fund futures prices published by CME Group Inc, the odds of a rate hike this month has come down to 2%, from as high as 36% in mid-May. The latest FedWatch also point to the probability for a hike in July at 21%, from more than 60% in late May.
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While Britain’s June 23 referendum on whether to stay or leave the European Union (EU) will take centre stage this week, markets will also be attuned to news flows from the June 14-15 US Federal Reserve meeting. Based on the latest FedWatch data derived from the 30-day federal fund futures prices published by CME Group Inc, the odds of a rate hike this month has come down to 2%, from as high as 36% in mid-May. The latest FedWatch also point to the probability for a hike in July at 21%, from more than 60% in late May.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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