An inner glow on Wall Street

World markets had an important night, with the US signalling the potential for more quantitative easing, positive signs in America's productivity drive and a favourable bond auction in Italy.

Last night was an important one for world markets. First, and most importantly, influential New York Federal Reserve President William Dudley signalled that if the US recovery gets off the track then there could be more stimulus. Everyone interpreted that to mean more money printing via quantitative easing.

Money printing exercises by central banks really boost shares and commodities because that’s where large chunks of the funds end up.


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