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Markets waiting for Fed direction

A street sign is seen near the New York Stock Exchange in New York

A street sign is seen near the New York Stock Exchange in New York. Getty Images Source: Getty Images

Global markets last week were marked by huge volatility, pushing and pulling the markets from different directions.


As a result, all markets almost landed in negative territories. Pretty directionless as market concluded.

First we saw markets were pushed by the relative upbeat comments from US aide about US and China trade talk, coupled with Hua Wei chief financial officer granted bail in Canada.

But the Chinese and European economic figures dragged the markets from behind. And the mixed response from latest US figures certainly didn't help.

As the markets enter a new week, all eyes will be on the Fed, especially the Fed's narrative on future rate hike schedule.

Therefore, speculation is market will adopt a wait and see attitude to see what next move that Fed will adopt.

Considering the Christmas rally is no where near and the markets are pretty volatile these days, it begs the question that how corporates handle market volatility, what sort of tools they will use to manage risk, independent economic analyst and strategist, Dr Po Man Chan explains.


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