Tickers in this article: SPY, DIA, QQQ, IWM
The U.S. market moved higher over the past week, as of Thursday's close, driven by dovish comments from the Federal Reserve. According to September minutes, the central bank thought the U.S. could have coped with a hike in rates, but thought it would be prudent to wait for confirmation that the economy hadn't weakened and that inflation would gradually return to a 2% annual target. Some also feared that a premature rate hike could harm the Fed's credibility.
International markets followed the U.S. markets higher over the past week, as of Thursday's close. Japan's Nikkei 225 rose 3.16%; Germany's DAX 30 rose 4.61%; and, Britain's FTSE 100 rose 4.12%. In Europe, investors were encouraged by the OEDC's monthly leading indicator, which found Germany's stagnation offset by strength in France and Italy. In Asia, China's economy continues to slow, although India's economy seems to be firming up in recent months.
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