Markets - Equity
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LONDON: Europe's main stock markets pulled back in careful trade on Wednesday, with traders on tenterhooks before the outcome of the US Federal Reserve's latest monetary policy gathering."No one on the market is considering a bold position before the Fed statement," said Renaud Murail of Barclays Bourse. "It's the priority and will set the tone for what happens next."At close in Europe and just hours before any decision from the US central bank was expected, London's benchmark FTSE 100 index dropped 0.44 percent to stand at 6,345.94 points.Frankfurt's DAX 30 dipped 0.15 percent to 8,217.52 points and in Paris the CAC 40 shed 0.32 percent to 3,848.34 compared with Tuesday's closing levels.Madrid's IBEX 35 index retreated 1.00 percent to 8,098.30 points after the release of an IMF report signalling an end to Spain's double-dip recession but still warning that more reform was needed to reverse high unemployment.Investors have been speculating ...
LONDON: Europe's main stock markets pulled back on Wednesday, with traders on tenterhooks before the outcome of the US Federal Reserve's latest monetary policy gathering, analysts said.In afternoon deals, London's benchmark FTSE 100 index dropped 0.44 percent to stand at 6,345.94 points.Frankfurt's DAX 30 dipped 0.15 percent to 8,217.52 points and in Paris the CAC 40 shed 0.32 percent to 3,848.34 compared with Tuesday's closing levels.Madrid's IBEX 35 index retreated 0.62 percent to 8,148.30 points.Investors ...
NEW YORK: US stocks on Wednesday opened mostly lower as investors await the latest policy announcement from the US Federal Reserve later in the day.Five minutes into trade, the Dow Jones Industrial Average dipped 20.53 (0.13 percent) to 15,297.70.The broad-based S&P 500 slipped 2.06 (0.12 percent) to 1,649.75, while the tech-rich Nasdaq Composite Index was up a scant 0.32 (0.01 percent) at 3,482.30.Investors have been skittish about the Fed's intentions in recent weeks after Fed ...
HONG KONG: Shanghai shares closed at their lowest since mid-December, exerting pressure on Hong Kong markets on Wednesday, as a cash squeeze in the mainland worsened and official news reports further dampened hopes for policy easing.Chinese growth-sensitive counters took some of the biggest hits. Most defensive names were also weaker as global markets awaited results of a US Federal Reserve meeting. Word will come early Thursday Hong Kong-time.The Shanghai Composite Index finished down 0.7 percent ...
LONDON: European shares were up by mid-session on Wednesday in light and volatile trade as investors looked to the US Federal Reserve for clues on the duration of its equity-friendly stimulus programme.The possibility the Fed could scale back its bond purchases has spooked global equity markets in recent weeks and, as news of such a move was not expected from the meeting which ends late on Wednesday, some investors wondered if the sell-off had been ...
SYDNEY: Australian shares rose 1 percent to close at a two-week high on Wednesday, helped by expectations that the US Federal Reserve will not move quickly to scale back its monetary stimulus and as a weaker Australian dollar lifted stocks with large exposure to overseas markets.Whitehaven Coal Ltd surged 4 percent after embattled tycoon Nathan Tinkler has handed his stake in to lenders to pay off debt, in a deal that may eventually put one ...
HONG KONG: Asian markets were mostly lower Wednesday, with focus on the US Federal Reserve's policy meeting later in the trading day, but Tokyo enjoyed another rally as data showed a surge in exports thanks to a weaker yen.Wall Street again provided a healthy cue, with investors betting the Fed will stop short of reeling in its "quantitative easing" (QE) bond-buying programme.Tokyo added 1.83 percent, or 237.94 points, to 13,245.22 and Sydney was 0.98 percent ...More Articles...
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