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Sat 16 Mar, 2013 09:18 pm
Hi, here's a sentence I'm unclear of its meaning: Global equity markets, keying off the S&P 500, have climbed over the last six weeks, and other round of QE is expected shortly.
what does"keying off the S&P 500 "and "have climbed over the last six weeks"mean?
Thanks very much!
@daffodillesun,
Quote:Global equity markets, keying off the S&P 500, have climbed over the last six weeks, and other round of QE is expected shortly.
what does"keying off the S&P 500 "and "have climbed over the last six weeks"
Global equity markets, taking their lead from the S&P 500, have gone up in value over the last six weeks, and
another round of QE is expected shortly.
@JTT,
Thanks for your generous help! But I'm still unclear of the meaning of the phrase "take one's lead from", does it mean the equity market is lead by S&P 500? Thank you!
@daffodillesun,
Quote:Thanks for your generous help! But I'm still unclear of the meaning of the phrase "take one's lead from", does it mean the equity market is [lead] led by S&P 500? Thank you!
You're welcome, D.
Global equity markets, following the lead of the S&P 500, have risen over the last six weeks, and other round of QE is expected shortly.
I didn't know what QE was.
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