Capital Econ: Share Buybacks Becoming Less Effective

Wednesday’s market event is likely to be release of the U.S. Federal Reserve’s meeting minutes, a research piece from Capital Economics observes, while share buybacks no longer appear to have the same simulative impact on stocks they once enjoyed. Capital Economics: All eyes on Fed rate hike With the futures markets for the most part calling for a 50 percent chance of a Fed rate hike, when the Fed releases minutes from its late-July FMOC meeting the notes will come under close scrutiny. The wording will be scanned like a soothsayer meditating over tea leaves to discern the intentions of…