Share Market Is Waitting QE3 To Move Higher

Looking ahead to this week, the financial community will be eagerly anticipating the Federal Reserve’s decision on Thursday at the FOMC meeting. Following last week dismal U.S. jobs report, several economists updated their forecasts for what they expect from Chairman Ben Bernanke and his fellow central bankers.

Goldman Sachs’ chief U.S. economist, Jan Hatzius, reiterated his prediction that the Fed will announce the start of a third round of quantitative easing (QE3) next week. In a note to clients, Hatzius wrote that “We now anticipate that the FOMC will announce a return to unsterilized asset purchases (QE3), mainly agency mortgage-backed securities but potentially including Treasury securities, at its September 12-13 FOMC meeting.

Back to Malaysia, with drop on PETDAG share and bank, FBM KLCI get a big hits lose about 30point from all time high, however if QE3 announced Foreign fund will back flow into the market and likely to push the index up again.

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