NEW YORK, July 28 — The technology-heavy Nasdaq rose today on strong earnings from Google-parent Alphabet, as investors turned to the Federal Reserve to gauge the impact of rising inflation and the Delta variant on its monetary stimulus.
All eyes today will be on the outcome of the Federal Reserve’s two-day meeting, with investors looking for comments on how the double whammy of rising inflation and a spike in Covid-19 cases would impact the central bank’s plan to potentially start withdrawing its stimulus. The June reading of the personal consumption expenditures price index — the Fed’s main inflation measure — is due on Friday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Google’s quest to become a cloud-computing giantGoogle Cloud employees were baffled when they learned that their next boss would be Thomas Kurian, an executive who struggled to shepherd Silicon Valley mainstay Oracle Corp into the promised land of Internet computing.
Source: staronline - 🏆 4. / 75 Read more »
China jitters lift haven currencies; dollar awaits Fed | Malay MailSINGAPORE, July 28 ― The dollar was pinned below recent highs today by a decline in real yields and by trepidation ahead of a Federal Reserve meeting, while other safe-haven currencies were in favour following an unnerving plunge in Chinese equity markets. The Japanese yen rose about 0.5 per cent...
Source: malaymail - 🏆 1. / 86 Read more »
IMF lifts growth forecasts for rich nations, dims outlook for developing world | Malay MailWASHINGTON, July 27 — The International Monetary Fund today maintained its 6 per cent global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for a number of developing countries struggling with surging Covid-19 infections....
Source: malaymail - 🏆 1. / 86 Read more »
US will not lift travel restrictions, citing Delta variant, says White House | Malay MailWASHINGTON, July 27 — The United States will not lift any existing travel restrictions “at this point” due to concerns over the highly transmissible Covid-19 Delta variant and the rising number of US coronavirus cases, the White House confirmed yesterday. The decision, which was first...
Source: malaymail - 🏆 1. / 86 Read more »
Australia's Victoria to lift Covid-19 curbs, Sydney cases rise | Malay MailCANBERRA, July 27 — Australia’s Victoria state said today it will lift a strict lockdown after curtailing the spread of Covid-19, while neighbouring New South Wales faces an extension of restrictions after daily new cases spiked to a 16-month peak. More than half of Australia’s near 26...
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks hit 2021 lows on China tech selling, real yields drop before Fed | Malay MailHONG KONG, July 27 — Asian stocks hit their lowest this year today on a third straight session of selling in Chinese internet giants, and real bond yields hit record lows ahead of a Federal Reserve policy meeting. The Hong Kong benchmark fell 4.57 per cent, its third day of declines, with the...
Source: malaymail - 🏆 1. / 86 Read more »