Equities in Europe and US stock futures jumped after the Fed announced expansion of measures aimed at supporting markets. The Federal Reserve will buy an unlimited amount of Treasuries and mortgage-backed securities. This week purchases of Treasuries will amount to $375 billion while purchases of MBS will amount to $250 billion. US500 jumped over 40 points on the news.
US500 caught a bid following an announcement from the Federal Reserve. The index managed to close today’s bearish gap but struggled to make a bigger break above the last week’s lows. Source: xStation5
