US Central Bank kills equity rally

The minutes from a meeting of the Federal Reserve bank in the US, has shown that the senior policy makers are not in agreement as to the continuation of what is known as QE, or Quantatitive Easing, a bond purchasing strategy.

Analysts disagree over the effectiveness of QE but any sign that the American Central Bank is withdrawing assistance to the US economy in any way at all, which will have a global impact, is viewed as a negative and this action has called a halt to a positive opening for senior equity markets.