Monday, 12 June 2017

International Market Morning Update by Ripples Financial Advisory >>

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The U.K elections backfired on U.K. Prime Minister Theresa May and her Conservative party, who had expected to expand their majority. However May said that she would try to workout with Northern Ireland's Democratic Unionist Party to form a government. In International Market Yesterday, FTSE closed at 7522.50.

Yesterday S&P 500 closed at 2430.50. Fed watch tool which provide indication whether Fed would increase its interest rate or not indicating 99.6 percent chance that Fed will increase its rate by 25 basis point on 14th June FOMC meeting.

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