Stock markets welcome US rate rise
- 8 years ago
Emerging-market stocks rose the most in two months while currencies strengthened as the Federal Reserve increased U.S. interest rates for the first time in almost a decade and signaled a gradual pace of subsequent increases through 2016.
“The uncertainty around the timing of the Fed is over, and the markets will focus on what they should be focusing on -- the pace and the trajectory of the tightening cycle, the situation in China, the commodity sectors and all the factors affecting the sentiment in emerging markets,” Nicholas Spiro, managing director at Spiro Sovereign Strategy in London, said by phone from London.
“This is net positive.”
“The uncertainty around the timing of the Fed is over, and the markets will focus on what they should be focusing on -- the pace and the trajectory of the tightening cycle, the situation in China, the commodity sectors and all the factors affecting the sentiment in emerging markets,” Nicholas Spiro, managing director at Spiro Sovereign Strategy in London, said by phone from London.
“This is net positive.”