Novosti i prognoe: tržište kapitala od 18-09-2014

Stock indices traded higher. The Fed released the results of its monetary policy meeting. The Fed kept its interest rate unchanged at 0.00-0.25%, but it cut its asset purchase program by another $10 billion to $15 billion. The Fed added it want to close its asset purchase program in the next month. This decision was expected by market participants.

The Fed also said it will keep its interest rate unchanged for "a considerable time after the asset purchase program ends".

The Fed noted "there remains significant underutilization of labor resources".

The Fed raised its estimates for interest rate. The U.S. central bank said interest rate will be 3.75% at the end of 2017.

The European Central Bank said today it allotted €82.6 billion in its new Targeted Long Term Refinancing Operation (TLTRO). Analysts had expected €174 billion.

Market participants are awaiting the results of the Scotland's independence referendum today.

Bayer AG shares jumped 6% after releasing plans to spin off its plastics unit.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,819.29 +38.39 +0.57%

DAX 9,798.13 +136.63 +1.41%

CAC 40 4,464.7 +33.29 +0.75%

U.S. stock futures rose, signaling equities will advance for a third day, as investors assessed mixed data on housing and employment amid optimism that the world's largest economy will be able to cope with higher interest rates from next year.

Global markets:

Nikkei 16,067.57 +178.90 +1.13%

Hang Seng 24,168.72 -207.69 -0.85%

Shanghai Composite 2,315.93 +8.03 +0.35%

FTSE 6,808.79 +27.89 +0.41%

CAC 4,463.67 +32.26 +0.73%

DAX 9,758.53 +97.03 +1.00%

Crude oil $94.38 (-0.04%)

Gold $1220.20 (-1.27%)

(company / ticker / price / change, % / volume)

Upgrades:

DuPont (DD) upgraded to Overweight from Neutral at JP Morgan, target raised to $75 from $67

Downgrades:

Other:

FedEx (FDX) target raised to $183 from $170 at Robert W. Baird

FedEx (FDX) target raised to $180 from $170 at Citigroup

Stock indices traded higher. The Fed released the results of its monetary policy meeting. The Fed kept its interest rate unchanged at 0.00-0.25%, but it cut its asset purchase program by another $10 billion to $15 billion. The Fed added it want to close its asset purchase program in the next month. This decision was expected by market participants.

The Fed also said it will keep its interest rate unchanged for "a considerable time after the asset purchase program ends".

The Fed noted "there remains significant underutilization of labor resources".

The European Central Bank said today it allotted €82.6 billion in its new Targeted Long Term Refinancing Operation (TLTRO). Analysts had expected €174 billion.

Market participants are awaiting the results of the Scotland's independence referendum today.

Current figures:

Name Price Change Change %

FTSE 6,812.66 +31.76 +0.47%

DAX 9,756.69 +95.19 +0.99%

CAC 40 4,460.36 +28.95 +0.65%

Most Asian stock closed higher. The Fed's interest rate decision weighed on markets. The Fed kept its interest rate unchanged at 0.00-0.25%, but it cut its asset purchase program by another $10 billion to $15 billion. The Fed added it want to close its asset purchase program in the next month.

The Fed also said it will keep its interest rate unchanged for "a considerable time after the asset purchase program ends".

The Fed noted "there remains significant underutilization of labor resources".

The Fed raised its estimates for interest rate. The U.S. central bank said interest rate will be 3.75% at the end of 2017.

Japanese stocks were supported by the weaker yen. The yen declined after the Fed's interest rate decision.

The Bank of Japan (BoJ) Governor Haruhiko Kuroda on Thursday reiterated the central bank will adjust its monetary policy if needed to reach the 2% inflation target. He believes that Japan can reach a 2% inflation target at around fiscal 2015 to March 2016.

Mr. Kuroda also said that he is optimistic on a recovery of Japan's exports.

Japan's public pension funds increased local stock holdings by 393 billion yen in the second quarter.

The People's Bank of China took another step to ease potential cash crunch and old 10 billion yuan ($1.6 billion) of 14-day contracts at 3.5% today.

Hyundai Motor Co. shares dropped 9.2% after bidding for real estate.

Sony Corp. shares plunged 8.6% after widening its net loss forecast and suspending its annual dividend.

Indexes on the close:

Nikkei 225 16,067.57 +178.90 +1.13%

Hang Seng 24,168.72 -207.69 -0.85%

Shanghai Composite 2,315.93 +8.03 +0.35%