February 2015 Market Overview
Global equity markets traded in a narrow range during February 2015. U.S. stocks posted modest gains, while European indices were mixed as investors weighed low oil prices against slowing growth signals in Asia.
Key Economic Data and Policy Moves
Central banks remained active. The U.S. Federal Reserve continued its tapering of asset purchases, while the Bank of Japan expanded its asset purchase program. U.S. nonfarm payrolls rose by 295,000, and unemployment edged down toward 5.5 percent.
Commodities, Currencies, and Bonds
Crude oil fell sharply, trading below $54 per barrel at points, while gold held near $1,200 per ounce. The U.S. dollar strengthened against major currencies, and benchmark U.S. Treasury yields declined as demand for safe-haven assets persisted.
For more background on the economic environment, see the Federal Reserve’s official statement archive at https://www.federalreserve.gov/monetarypolicy/fomcstatements.htm.
