Stocks on an Upward Trend Following Fed’s Meeting Minutes

Asian stocks were traded high throughout the session and this brought a lot of surprises to investors. The investors had started the day with a pessimistic mood regarding the stocks due to the fact that they anticipated a lot of negativity from the release of regional fundamental data.

However, the release data of the Chinese manufacturing showed positive signs and this gave investors a huge boost to consider trading on the stocks. Sentiment from equities was on a rise and remained positive throughout the day.

The U.S. stocks were traded high throughout the day following the positive release data from the Federal Reserve meeting minutes. The data release of the meeting minutes gave a positive indication to stocks and traders reacted to this positive move swiftly. The board governors decided to find ways and means of ending the monetary stimulus programs without having to taper the monetary stimulus policy further. Investors saw this as constructive and began to trade on equities freely.

European stocks traded mixed during yesterday’s session and many investors were looking forward to the release data of Fed’s meeting minutes. However, the release data of the meeting minutes caused a lot of uncertainty to most European investors but created lots of price reversals that were great for binary option traders.