Weekly comment MM Prime TFI - September 28, 2015
Leaving interest rates unchanged by the FOMC increased investors’ fear about the global economy. Still persistent uncertainty had a negative impact on the behaviour of stock markets last week. Admittedly, most of stock exchanges started the week quite positively. But later it turned out that it was only a temporary stop ahead of further declines. Then Friday brought an improvement in investor sentiment. It was mainly due to Janet Yellen's Thursday speech, whose words sounded hawkish.