Markets - Equity
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SYDNEY: Asian stock markets were braced for a fall on Thursday in line with Wall Street after the US central bank confirmed that it would begin to withdraw stimulus this year if the economy continued to recover as it expected.Tokyo's Nikkei futures in Chicago <0#NIY:> and Australia's share price index futures fell, pointing to weaker openings for two of Asia-Pacific's main markets, following a 1.4 percent slide in the US S&P 500 index.Traders said markets could come under even more pressure if a report on China's factory activity, due at 0145 GMT, provided fresh evidence of weakness in Asia's economic powerhouse."Given the market's growing fears over a hard landing for the Chinese economy, a particularly weak number could add to the post-FOMC selling pressure on the emerging currencies as well as the commodity bloc currencies," analysts at BNP Paribas wrote in a note.On Wednesday, MSCI's broadest index of Asia-Pacific shares ...
NEW YORK: US stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.Equities have been closely tethered to ultra-loose monetary policy, which has been key to the S&P's climb of more than 14 percent so far this year. Benchmark 10-year US bond yields jumped to a 15-month high on expectations the ...
TORONTO: Canada's main stock index slipped on Wednesday after comments by the US Federal Reserve that it could begin rolling back its stimulus program this year weighed on investor sentiment and caused declines across most sectors.Fed Chairman Ben Bernanke said the US central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014.Financial shares took the biggest toll on the market, while the gold-mining ...
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: 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 ...More Articles...
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