Stocks’ Long-Awaited Recovery
US shares have finally stabilized after the streak of significant losses. Still, investors remain concerned, as recently DOW fell more than -1000 points for already second time this week, having declined -1035.89 (4.15%) to 23860.46, which marked the second biggest drop in the history. Thus, some volatility will still be seen at the market.
Meanwhile, US House and the Senate passed a new funding bill, that should enlarge spending limits for 2 more years and ensure the government up until 23 March. Market reacted positively as another potential shutdown has been prevented.
Today’s UK manufacturing and industrial production data for December turned out to be a disappointment, indicating declines. After the release, Sterling has weakened. And now, investors are waiting for Canadian employment numbers and British Gross Domestic Product.