Last week turned out to be rather favorable for western stock platforms. Western investors focused their attention on two events of the week: the FRS meeting scheduled for 16-17 September and the Scottish independence referendum that took place on 18 September. Both events registered favorable results for investors.

Investors were concerned that the FRS will change its wording regarding the long-term retention of low interest rates hoping that the American economy has got enough government incentives and will feel confident, if the Government seriously tapers its support. Nevertheless, top officials of the central bank decided to confine themselves to soft measures: the volumes of asset buy-out will be reduced; however, rates will continue to be low for a long time.

Financial markets survey 22.09.2014