Update 1/29/16

The markets rose this week as OPEC announced they would be meeting with Russia, spurring market speculation that the two would come to an agreement on reducing the glut of oil in the marketplace. While little has been said of this upcoming meeting, it was welcome news for traders that were desperate for some good news on oil prices. Markets also soared today as Japan’s central bank (Bank of Japan) introduced negative interest rates, a bold move meant to spur additional growth in an otherwise stagnant economy. This also puts additional pressure on the Fed to keep interest rates lower.

 

This publication is provided as a service to our clients and associates of PFA solely for their own use and information. The material is derived from sources believed to be reliable but its accuracy and the opinions based thereon are not guaranteed and have not been verified. The content in this publication is for general information only and not intended to serve as individual investment advice. You should seek independent advice from a professional based on your individual circumstances.