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Currencies, stocks fall on Mideast caution; Hong Kong shares ease

October 03, 2024 4:19 pm

On the geopolitical front, Israel bombed Beirut and killed at least six people after its forces suffered their deadliest day on the Lebanese front in a year of clashes with Iran-backed Hezbollah.

World shares mixed ahead of Fed rate hike decision

March 22, 2023 3:55 pm

Investors are awaiting an interest rate decision by the Federal Reserve, which is expected to temper its efforts to tame inflation given the recent turmoil that has wracked the banking sector.

Fed wants 'flexibility' on rates as inflation remains key focus, minutes show

January 05, 2023 10:50 am

The minutes put a premium on explaining that the decision to move to smaller rate increases should not be construed by investors or the public at large as a weakening of the Fed's commitment to bring inflation back to its 2% target.

World markets decline, rattled by plans for more rate hikes

December 16, 2022 6:13 pm

The Fed is slowing the pace of its rate increases but has signalled it expects rates to be higher over the coming few years than it had previously anticipated.

Asian shares gain despite a rise in Chinese Covid cases

November 23, 2022 8:38 am

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3%, after U.S. stocks ended the previous session with gains. The index is up 12% so far this month.

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Asian stocks follow Wall Street up on hopes of rate hikes easing

October 26, 2022 10:37 am

Wall Street's benchmark S&P 500 index rose for a third day after bond prices rose, suggesting some investors expect the Fed to ease off rate hikes as economic activity cools.

UK stock markets will be glad to forget Boris Johnson’s tenure

July 08, 2022 1:30 pm

The FTSE 100 and the locally-focused FTSE 250 have both fallen about 8% in dollar terms since the outgoing Prime Minister took office in July 2019, with a bleak economic outlook and political turmoil since Brexit keeping investors away from UK assets.

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Japan's Nikkei ends flat after ex-PM Shinzo Abe shot

July 08, 2022 1:13 pm

The Nikkei index closed up 0.1% at 26,517.19 after climbing as much as 1.4% earlier in the session.

Citi trader made error behind flash crash in Europe stocks

May 03, 2022 5:49 pm

A trader at the U.S. firm made a mistake “inputting a transaction,” Citigroup said late last night, after a knee-jerk selloff in Swedish stocks in five minutes wreaked havoc in bourses from Paris to Warsaw, wiping out 300 billion euros ($315 billion) at one point. The bank said it identified the error “within minutes” and corrected it.

Asian stocks follow Wall Street lower after Fed rates signal

January 06, 2022 10:25 am

Notes released Thursday from the Fed meeting last month showed policymakers believe the U.S. job market is nearly healthy enough that ultra-low interest rates are no longer needed. Traders took that as a sign the Fed might be more aggressive about rolling back stimulus that is boosting stock prices.