Santa Rally

World equity markets have started to rally following last night’s historic decision by the US Fed to finally slow down its stimulus plan.

The current $85bn per month bond-buying programme by a modest $10bn from January 2014 following 5 years of unprecedented stimulus measures.

Japan’s stock market has hit a new 6-year high overnight and the gold spot price has dropped to $1,200 per ounce for the first time since June.