FILE PHOTO: A man wearing a protective face mask is reflected on a stock quotation board outside a brokerage, amid the coronavirus disease outbreak, in Tokyo, Japan November 10, 2020. REUTERS/Issei Kato
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%, having hit a string of record highs last week. Against the dollar, the pound rose 0.7% to $1.3314 and away from Friday’s close of $1.3222. The euro slipped 0.5% to 91.09 pence, off a three-month top of 92.29. That could see the euro climb to 96.00 pence, while a deal could send the pound rallying to 87.00 per euro, Goldman predicted.
An added hurdle for the dollar will be the Federal Reserve’s policy meeting on Dec. 15-16. The market is assuming the central bank will merely refine its forward guidance on policy rather than buying more bonds or “twisting” its portfolio to add more longer-dated debt.
Citizens United to the max. Now stocks are people.
by your silly measure that means nothing