Markets - Equity
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NEW YORK: US stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest US Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.Trading was volatile - the Dow and the S&P indexes both rose more than 1 percent during the morning, but fell more than 1 percent in the afternoon.The minutes followed comments from Chairman Ben Bernanke, who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.The comments were a blow to a market that had accelerated after Bernanke said the central bank needed to see further signs of traction in the economy before it tapered stimulus."This is a very sensitive market and particularly sensitive to any notion ...
NEW YORK: Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of the US central bank's bond-buying program, with sentiment ultimately driven by expectations of tapering.Remarks by Bernanke, in testimony to Congress, that the bond purchases would remain in place for now initially drove sharp gains on Wall Street and sent the ...
TORONTO: Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the US Federal Reserve will keep its easy money policy in place for now was tempered by fears of a stimulus rollback.The resource-heavy market, which advanced for the fourth straight session, reached its highest in more than two months due to early gains.Fed Chairman Ben Bernanke said the central bank's monetary stimulus is helping ...
NEW YORK: US stocks Wednesday ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve's exceptionally loose monetary policy.The Dow Jones Industrial Average dropped 80.41 (0.52 percent) to 15,307.17.The broad-based S&P 500 gave up 13.81 (0.83 percent) at 1,655.35, while the tech-rich Nasdaq Composite Index sank 38.82 (1.11 percent) to 3,463.30.Stocks had rallied in the morning during the early part of Federal Reserve Chairman Ben Bernanke's highly ...
LONDON: Europe's main stock markets eased slightly in opening deals on Wednesday, with London's benchmark FTSE 100 index falling 0.17 percent to 6,792.58 points.Frankfurt's DAX 30 inched down 0.05 percent to 8,467.56 points and in Paris the CAC 40 dipped 0.02 percent to 4,035.43.Copyright AFP (Agence France-Presse), 2013 
TOKYO: Tokyo stocks climbed 1.60 percent to close at their highest level in more than five years Wednesday, with investor appetite unabated due to a weak yen and record-setting levels on Wall Street.The benchmark Nikkei 225 index gained 246.24 points to 15,627.26, the best finish since late December 2007. The Topix index of all first-section issues was up 0.44 percent, or 5.64 points, at 1,276.03.Stocks maintained their gains after the Bank of Japan made its ...
HONG KONG: Asian shares were mostly up Wednesday after a strong lead from Wall Street, with Tokyo stocks finishing at their highest level in five years and as markets awaited testimony from the US Federal Reserve chief.Japanese investors welcomed the weakening yen, with Tokyo stocks ending up 1.60 percent, or 246.24 points, at 15,627.26, the best finish since late December 2007.The market maintained early gains after the Bank of Japan (BoJ) wrapped up a two-day ...More Articles...
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