Stocks rose today after posting losses on Friday. Japan's Nikkei jumped 2.7% for the day showing some strength after losing ground for several days. That helped global markets and the US equities. Stocks were higher more than 1% in the morning session but lost more than half of the gains after Financial Times' Robin Harding pointed in an article that Fed is like to signal coming taper in the press conference on Wednesday afternoon. Stocks later recovered some gains after Investors realized the article was not so much different than the one from Jon Hilsenrath last week which boosted the Markets on Thursday. Major indexes added between 0.75% and 0.85% for the day.
FOMC meeting starts tomorrow. We'll also see Consumer Price Index and Housing Starts data released tomorrow. Overseas we'll have European Central Bank President Draghi scheduled to speak and Consumer Price Index and Inflation data released from UK.
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