Stocks Slips in London
London close: Stocks slip as Bernanke disappoints
No hints from Bernanke for QE3 – London index falls for third straight month . With Ben Bernanke failing to give any clear indications quickly enough this afternoon [before London markets closed], as regards the possibility of further near-term stimulus in the US, global stock markets took a hit on Tuesday afternoon, sending the Footsie (FTSE: ^FTSE - news) lower for the third straight business day. Stocks Slips in London
Alpari analyst Craig Erlam said: “These words are becoming as empty as promises from the Eurozone leaders.” “Ben Bernanke showed today that he can still surprise the markets by doing nothing. The markets appeared to have priced in further QE leading up to the testimony,” Erlam said. Ironically enough however, Wall Street has since turned higher as Bernanke continues to speak. It must also be pointed out that some analyst surveys see the Fed going ahead with another round of QE in quarter four of this year
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