Week in Review: Stocks Rebound and Focus Shifts to FOMC
David Peltier, Senior Investment AnalystUpdated: December 15, 2018
The U.S. and China appear to be playing the long game with their trade talks, so investors shifted their focus more to Europe this week. The prospect of a Brexit vote fizzled out on Monday, and some selling pressure was relieved from stocks back here in the U.S.
Theresa May kicked the can down the road, so to speak, delaying a UK Parliament vote on finalizing the Brexit process, as reports suggested the measure would fail. May’s position as Prime Minister was then challenged by her own party with a confidence vote on Wednesday, which she survived.
On Thursday, Mario Draghi and the ECB announced the end of their quantitative easing (QE) strategy at the end of the year.… Read more