Before the open: Record highs as Fed doesn't taper

New records were reached on US markets last night following the Fed's decision to refrain from tapering QE.

Consequently, European markets are expected to surge this morning with the Dax at record highs and FTSE opening calls of +70 and higher.

Yesterday, the Bank of England upgraded the UK's growth forecast for the third quarter to 0.7 per cent, with the pound up sharply over the past few days.

Key events:

  • UK August retail sales at 09.30
  • Greek second quarter unemployment at 10.00
  • US initial jobless claims at 13.30
  • US August existing home sales at 15.00