World Week Ahead Central bank watch

Sun, 19 May 2013

By Margreet Dietz May 20 (BusinessDesk) – Wall Street seems destined to push to fresh highs again this week as investors continue to bet on both an improving economic outlook and a solid commitment from the US Federal Reserve to counter any weakness. On Friday, the Dow Jones industrial average rose 0.80 percent to close at a record 15,354.40, while the Standard & Poor's 500 Index added 0.95 percent to finish at a record 1,666.12. The Nasdaq Composite Index gained 0.97 percent to end at 3,498.97, its highest close in more than 12 years. JPMo...

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