All the day´s economic and financial news, as global markets touch new record levels ahead of Wednesday´s Federal Reserve meetingIntroduction: Markets keep doing up.... 8.40am BST MSCI´s All Country World Index, a broad measure of global shares, has hit a new record today.It struck 486.95 for the first time, thanks to the Nikkei´s rally and last night´s Wall Street action. 8.15am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.`Investors were worried about `Abexit´ before, but if he calls a snap election and his ruling party wins, it would strengthen the foundations of his once-weak government base.`$FTSE $DAX $CAC #Eurostoxx futures point lower before the European open. pic.twitter.com/GpISuuXdRGUS stock markets also continued where they left off on Friday posting new record highs as investors geared up for tomorrows Federal Reserve rate meeting and press conference, with the US central bank expected to embark on the first baby steps on the paring down of its balance sheet.Despite recent poor US economic data there still seems to be a belief amongst some in the markets that we could see one more rate hike this year, something that may well be borne out by tomorrow´s rate dot plot projections. Whether the projections survive their exposure to the real world of the hurricane clear up of Harvey and Irma is another matter, not to mention the prospect of further hurricanes with the latest in the form of Maria as it moves towards Puerto Rico. Related: Hurricane Maria: `we have lost all` says Dominica prime minister - live Continue reading...
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