AMERICAS

摘要

The end of the year cannot come soon enough for many investors. There is still time to complete a random funding, but investors are not in a buying mood and issuers are not inclined to push their luck. The S&P 500 has entered negative territory for the year, falling 0.8% last week, as investors fretted about central bank policy. The volatility index spiked to as high as 18.11 only to retrench on Friday to 16.20, up 6.6% on the week. Investor disappointment on Thursday that the ECB did not expand bond purchases beyond the current €60bn monthly was offset by expectations that the Federal Reserve will move forward with an interest-rate hike at the FOMC meeting on December 16.