Wednesday, 14 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 Markets on Friday, FTSE closed at 7522.50. Friday S&P 500 closed at 2430.50. Fed watch tool which provides indication whether Fed would increase its interest rate is indicating 99.6 percent chance that Fed will increase its rate by 25 basis point on 14th June FOMC meeting.

MSCI emerging market Index is trading at 1009. Recently the Index made a high of 1023.

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