Futures marginally firmer despite flat JSE, as Dow falters following bomb blast
South African futures closed slightly higher on Monday, despite a flat local bourse and mixed global markets.US markets were under pressure after a pipe-bomb exploded in New York, and while there were no fatalities, this dented sentiment somewhat, reported Dow Jones Newswires.Focus this week is squarely on monetary policy, with three of the world’s most influential central banks meeting. The US Federal Reserve was widely expected to cut interest rates by 25 basis points on Wednesday.This had been widely priced in by the market, but analysts expected the tone of the accompanying policy statement to be closely scrutinised.The Fed predicted in September that it would increase rates three times in 2018 and two more times in 2019, but predicting the future was not an easy task, after recent economic reports exceeded expectations, said FxPro analysts.Both the Bank of England and European Central Bank will release monetary policy statements on Thursday, but no change in interest rates is e...
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