“The feel good factor from earlier in the week has fizzed away but there is still some element of relief washing through the financial markets that the crutch of cheap money isn’t going to be withdrawn quite so quickly. Jerome Powell, chair of the US Federal Reserve, soothed fears about ultra-aggressive monetary policy, indicating expectations of 0.75% rate hikes in the months to come were some way off the mark. That helped lift the Dow Jones at the end of the session and has steadied overall market sentiment, with the Hang Seng in Hong Kong up slightly, the Nikkei down marginally and the FTSE…
