The day after the FOMC. China regulators ease market fears
The NZD is the strongest and the USD is the weakest of the majors a night after the FOMC kept rates unchanged and Chair Powell indicated no rush to taper bond purchases (or raise rates) any time soon. China eased fears after a call with market participants in which they said the regulation against education companies is an isolated incident. The Shanghai index rose 1.49%. Today, in addition to the weekly claims, the long awaited US GDP for the 2Q is expected to show growth of 8.5% (claims are expected at 385K vs 419K last week). Robinhood will go publc with the price near the low end of the price expectations at $38. Facebook and Paypal shares are lower in pre-market trading after warning on expectations going forward, but the Dow and S&P are higher. The Nasdaq is down marginally after rising for the 6th time in 7 days.
In other markets as North American trading gets underway shows: