In a statement FOMC again indicated on the conservation of low rates “for an extended period of time.” We believe that this period will last at least six months. Today, the stage will the Bank of England. It is expected that the size of the program to repurchase the assets will be increased from ?175 billion to ?225 billion Such a development could adversely affect the pound and to support the commodity and raw materials sector, along with a weak dollar.
Gold went to growth after the Fed statement, and break even on a 10-year inflation rate also rose by 6 bp On the stock markets started the sale, after Congress voted to limit interest on credit cards (especially hurt the financial sector).
At the session of the European markets opened with a gap down about 1%, and we see this as a good opportunity for shopping, especially if / when the Bank of England will increase the size of the program to repurchase assets.
Tomorrow, watch carefully for a report on non-agricultural employment and unemployment in the United States. Particularly frightening fact that markets may be an increase in unemployment to a level of 10% or higher.