Good News on Results of Annual US Banks Stress Test

14 Mar

Shares have received a boost following positive results from the annual US bank stress test, where most financial institutions passed. JPMorgan Chase announced it had passed the test, forcing the Federal Reserve to announce results two days early,  in contrast there were some concerning failures included Citigroup.

The Federal Reserve also announced it had raised its outlook on the US economy but made no other comments (such as, on any further monetary stimulus).

In the Budget next week, the Treasury announced a 100-year gilt will be launched. The move is intended to take advantage of the historically low interest rates in the UK (0.5% for the last three years).

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