Sure looks like the Fed tightened instead of twisting, doesn’t it?

Equities investors do. Not. Like:

The MSCI All-Country World index was off 2 per cent at pixel time, sending it to its lowest level in 2011. The Hang Seng’s reaction to the Fed’s twisting is ominous for global growth and so are the FTSE 100 miners. They were among Europe’s biggest fallers at pixel time:

Well, that yield flattening is having the desired effect on the dollar. Er…

But — hey, look! Crude is down.

… yay?

This entry was posted by FT Alphaville on Thursday, September 22nd, 2011 at 8:52 and is filed under Capital markets, Commodities. Edit this entry.