19/03/14 Market Movements

The FTSE closed down 32.15 points at 6,573.13 as investors proceeded with caution as they digested George Osborne’s pre-election budget and awaited the US Federal Reserve’s policy update.

The Fed is expected to further trim its bond-buying stimulus and could also alter their stance with regards to when they will eventually raise interest rates – with some analysts expecting the US to scrap a numerical target on unemployment and adopt a more flexible stance.

Stock movements
CAT stock is currently down 0.11%  at $96.29