Credit: Shutterstock photoFinancial markets remained weak despite Fed's pledge to continue QE3. The FOMC meeting, while containing few surprises, delivered some positive comments regarding economic developments. At the RBNZ meeting, the new governor Graeme Wheeler also sounded more upbeat on the economic outlook. He believed that "market sentiment has improved from earlier in the year, suggesting the risks to the global outlook are more balanced". Unfortunately, sentiment was not helped much by these comments as disappointments from Eurozone PMI heightened concerns over the region's economic outlook. In the commodity sector, crude oil prices continued to move lower with both crude and gasoline stockpiles rising last week.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
