Investment Matters

The markets

The markets

Markets 18 Sep 15

The US market fell slightly on Friday following the Federal Reserve's decision to keep interest rates on hold, citing concerns that slowing global growth could impact the US recovery.  Despite the fall on Friday, the US market closed the week nearly 2% higher.

The reaction on the local market to the Federal Reserve's decision was initially negative, falling nearly 1% at the open on Friday, but rallying strongly thereafter.  Todays market movements were symptomatic of the local market this week, which oscillated between positive and negative territory, finishing the week on the positive side.