As news emerged of a meeting between Janet Yellen and Senate Democrats in which she allegedly said the pace of hiring in the US and the weakening global outlook were reasons why she’s not going to raise rates immediately, so US stocks staged a decent rally to close near the day’s high. Nevertheless, a 200+ point gain for the DJIA is not enough to drag it out of the red for the year-to-date and the month of January looks a very disappointing one for US investors; all the main indices are lower with very few sectors escaping the general sell-off.
Read the full report: FX Research