Global Shares Lackluster Ahead Of Fed Chair's Speech

SEOUL, South Korea (AP) — Asian stocks meandered Wednesday as investors awaited fresh cues from Federal Reserve on the outlook for interest rates. Markets were steady following the submarine launch of a ballistic missile by North Korea. ANALYST'S VIEWPOINT: "Traders are stuck in limbo, aware that there is some BOJ uncertainty on how they will deal with a strengthening yen; while the near-term Fed outlook is equally clouded, not the best landscape to look for absolute trends," said Stephen Innes, a senior trader at OANDA. Investors are awaiting a speech Friday by Federal Reserve Chair Janet Yellen at an annual conference of central bankers in Jackson Hole, Wyoming. Rattling nerves in northeast Asia, North Korea fired a ballistic missile from a submarine early Wednesday.

BING NEWS:
  • Wall St rises after Fed Chair's comments, all eyes on CPI
    Wall Street's main indexes all advanced and the Nasdaq scored a record closing high as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for ...
    05/14/2024 - 9:01 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News