Breaking news for 03/16/2017 — Rate hikes in the US!

Top news on 16.03.2017

The increase in interest rates by the Fed caused a rise in the US market. The Federal Open Market Committee raised interest rates to 1% (+25bps).

This caused an uptick on Wall Street, where three major indexes were recorded.

In addition, the head of the Fed, Janet Yellen, said that this year, perhaps, there will be two more increases.

The US dollar goes down on the news about the rate hike

Against the backdrop of the growth of the stock market, the US currency is moving in the opposite direction.

The dollar has lost value against a number of global currencies and is likely to remain in turbulence due to the release of data on jobless claims and the number of building permits issued, as well as the index of business activity in the manufacturing sector, calculated by the FRB Philadelphia (posting scheduled for today at 12:30 GMT).

The British pound may be in a turbulence zone today

Today at 12:00 GMT, the Bank of England will publish its decision on rates.

Gold rises amid weakening US dollar

The yellow metal gained over 2% after the US rate hike was announced. Grow quotes and other precious metals, including platinum, palladium and silver. Their quotes rose by more than 3%.

Oil moves up

Yesterday a report was published that showed a decrease in oil reserves in the US, after which black gold quotes went up and approached $50.

Europe opens with a significant increase

FTSE, DAX and CAC added 27, 74 and 29 points respectively.

Eter grew by more than 30%

The second most important cryptocurrency in the world is still on the rise. This morning, the ether exchange rate exceeded $40 for the first time in its existence.

Rutte's victory in the Dutch elections dispelled some of the fears in the EU

Supporters of the European Union can breathe a sigh of relief: the result of the count of votes cast by citizens of the Netherlands in the general election confirmed the clear victory of the incumbent Prime Minister Mark Rutte.

He defeated the Nationalist candidate Geert Wilders. The latter belongs to the number of Eurosceptics and, if elected, could well initiate the process of the country's withdrawal from the EU. Also read news of Macron's victory in French elections.

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