WAITED AS THE RAIN IN MAY...

... I mean some consolidation in US indices, after one of the best 4 weeks rally in the last 5 years, plus after the 4 winning days. The SP500 ended its four-day winning streak yesterday. US stock markets little changed on Wednesday, they all closed near all-time highs after the FOMC meeting. The FED voted to end of QE, the bond buying program by a 9-1 vote and repeated again that they are going to keep the interest rate close to zero for a considerable time. The considerable could mean 2015, so next year the FED possibly will start to raise the rate. Frankly this announcement was not a really significant announcement; the markets haven’t moved much on the release.

• S&P 500 -0,15%
• DJIA - 0,01%
• Nasdaq -0,57%

Technically really nothing to say more since yesterday, we are still holding out long positions specially we are really bullish in DAX and CAC40 in Europe.

The BFM Assets Team.