Morning Traders,
"Much Ado About Nothing" the William Shakespeare play written around the year 1600 was enacted out on the ASX yesterday with great gusto and to much acclaim!!
From Bloomberg,
'So what was all the fuss about? It seems the more that Federal Reserve officials speak, the more confused investors become.
On Friday, Fed governor Eric Rosengren had spooked markets by saying that the US economy was at danger of overheating if the central bank waited too long with rate rises.
That together with the ECB's unwillingness to even hint at more stimulus on Thursday night had reminded investors addicted to years of ultra-easy monetary policy that at some point the central bank lolly jar will be empty.
But then came Fed governor Lael Brainard, flagging that the party won't end too abruptly. Some in the market had feared she might abandon her stance and open the door to higher rates, but she said the US central bank must be careful not to remove stimulus too quickly'
Plenty of leads coming through this morning so pick carefully and try not to buy the open.
Good fortune to all , have a great day out there!
