Daily Market Review: Equities Rebound on Powell’s Remarks, BoC Hikes Rates
Channel: JFD Brokers
Date: 2022-03-03

Daily Market Review by Charalambos Pissouros

Equities rebounded strongly yesterday, but with the crisis in #Ukraine intensifying, we believe that this is just an adjustment bounce, which was also helped by #Fed Chair Powell’s remarks. Testifying before the House Financial Services Committee, he said that he will probably support at quarter-point rate increase at the upcoming gathering. We also had a #BoC decision yesterday, with officials hiking by 25bps as expected, and sounding optimistic that more liftoffs may be in the works.

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