Key Global Events

After the pause scored last meeting, the FED raises the interest rate by raising it to 5.50 percent, the highest in 22 years. 

After the FED today it is the ECB's turn to make a decision on raising interest rates. At 2:15 p.m. the European central bank will release its second market mover of the week. The market is betting on a 25 basis point increase that would bring the rate to 4.25 percent. If the rate is raised, it would be the eighth consecutive increase for the central bank in Frankfurt.

While waiting for macro data, European stock markets this morning open trading in positive territory. Milan's FTSE MIB +0.52%, Paris' CAC +0.70%, Madrid's IBEX +0.24%, London's FTSE +0.18%. Wall Street futures also trade below parity, driven by the Fed chairman's words. Dow Jones +0.17%, S&P500 +0.48% and Nasdaq +0.91%.

Forex & Commodities

The euro and sterling trade higher against the greenback. EURUSD trades around 1.1120 (+0.33%). GBPUSD cross 0.23% and trades around 1.2969. Among commodities, oil remains below $80 per barrel (+1.16%). Gold trades around $1980 an ounce (+0.52%).

Index

Asian stock markets traded upward. Tokyo's benchmark Nikkei 225 index closes at +0.82%. China's Hang Seng index continues the rally by trading +1.60%.

Global Macroeconomic Data
EUR - At 2:15 p.m. the decision on the Euro zone interest rate hike.This will be followed by a press conference at 2:45 p.m. by President Lagarde. 
US - At 2:30 p.m. will be published the main orders for durable goods, expected to fall to 0.1%. This will be followed by the weekly report reported on unemployment benefits (expected to rise to 235K) and quarterly GDP, expected to decline to 1.7%.