Excerpt from: Spread Betting North American Financial Markets
|
 |
| February 15, 2007 | | Ben Bernanke's testimony offers confidence to U.S. stocks | U.S. stocks are rallying on the news that Ben Bernanke, the Federal Reserve Chairman, is comfortable with the U.S. economy and with interest rates. Spread bets and CFDs should favour U.S. stocks for now. The Australian Broadcasting Company reports:
American equity markets have received a boost from comments on economic
growth and inflation from the head of the US Federal Reserve.
Share prices on Wall Street have been to record highs in response to
congressional testimony from Federal Reserve chair Ben Bernanke.
He has said the US economy will grow moderately and sustainably as the
housing sector becomes less of a drag, but inflation will ease, albeit
over an extended period.
That has allayed concern on investment markets about any near-term lift in American interest rates.
Rate-sensitive stocks have made solid gains, led by Citigroup and Morgan Stanley. | | |
|
|
