Wednesday, 14 July 2021

S&P 500 Climbs on Powell's Dovish Tone, China GDP in Focus

The S&P 500 index closed higher after Fed Chair Jerome Powell signaled that the Fed may be patient in tapering stimulus in a testimony. Asia-Pacific markets await Chinese Q2 GDP figures.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...