World stocks drift as investors factor in Fed rate hike HONG KONG (AP) — World stock markets drifted Friday as investors increasingly factored in a Fed rate hike soon, based on the brightening U.S. corporate and economic outlook. Investors are starting to factor in a higher chance of the Fed raising interest rates from the ultralow levels that have fueled a multiyear stock boom, given the latest corporate and economic data. ANALYST INSIGHT: "While expectations for a December Fed rate hike are continuing to build, investment markets seem to be taking it a bit better than was the case in the run up to last December's eventual rate hike," Shane Oliver, head of investment strategy at AMP Capital, said in a report. The official exchange rate for the Chinese currency yuan fell to a six-year low against the dollar of 6.7558 yuan, as investors bet that an eventual interest rate hike in the U.S.
Similar Stories to World Stocks Drift As Investors Factor In Fed Rate Hike on Bing News
By KELVIN CHAN, AP Business Writer, Seattle Post-Intelligencer: Business
Fri, 10/21/2016 - 4:05am
BING NEWS:
- Jobs report shows marked April slowdown, prompting Fed rate-cut bets
The Labor Department's Bureau of Labor Statistics said Friday that a net 175,000 new jobs were created in April, down from the upwardly revised total of 315,000 recorded in March and firmly shy of the ...
05/3/2024 - 5:56 am | View Link - Stocks surge as Fed Chair Jerome Powell signals further rate hikes ‘unlikely’
Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts.
05/1/2024 - 1:31 pm | View Link - Stock Index Futures Slip as Investors Await Fed Rate Decision, U.S. PMI and Jobs Data on Tap
Meanwhile, a survey conducted by 22V Research revealed that only 16% of polled investors anticipate a “risk-on” reaction to the Fed’s rate decision, while 44% indicated “risk-off,” and 40% chose ...
05/1/2024 - 12:24 am | View Link - Futures fall as chip stocks drag, Fed rate decision awaited
U.S. stock index futures fell on Wednesday as downbeat results dragged chip stocks and markets exercised caution ahead of more economic data and the Federal Reserve's interest rate decision later in ...
04/30/2024 - 11:07 pm | View Link - Dow tumbles over 500 points as investors on edge ahead of Fed rate decision
US labor costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut ...
04/30/2024 - 9:20 am | View Link - More
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
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more