Fed Chairman Jerome Powell has directed staff to review the central bank system’s rules around stock trading following the public disclosure of several multi-million dollar trades made by senior officials last year.
Global shares edged higher on Wednesday on the strength of U.S. equities markets that were boosted by rising oil prices and positive economic data out of the United States. The MSCI All Country World Index gained 0.26%, and all three of the major U.S. stock indexes closed higher. "Risk markets in Europe and America are trading in a subdued fashion ahead of next week's FOMC meeting, with economic data failing to boost conviction in the reflation trade at the moment," ANZ analysts wrote.
Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the Unites States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases. MSCI's world stocks benchmark fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most. The yield on the benchmark 10-year note fell more than 6 basis points on the day to a low of 1.263%, the lowest reading since Aug. 24.