A Wall Street sign is seen in Lower Manhattan in New York January 20, 2016. — Reuters picNEW YORK, April 28 — US trading began mixed today amid the continued flurry of corporate earnings, but investors appeared to be waiting for the conclusion of the Federal Reserve’s policy meeting later in the day.
About 30 minutes into the session, the benchmark Dow Jones Industrial Average was down 0.4 per cent 33,853.36. The central bank has pledged to keep interest rates low until inflation tops 2.0 per cent and stays there, but some economists have begun to worry that its low rates and aggressive bond-buying program will need to be dialed back.
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Dollar rebounds as US yields rise; Fed, Biden speech eyed | Malay MailLONDON, April 28 — The US dollar edged higher today as investors moved to the sidelines ahead of a US Federal Reserve policy statement and a speech by Joe Biden later in the day where the US president is set to announce more stimulus plans. Though the greenback recovered from a one-month low hit...
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US stocks, dollar pull back as Fed stays dovish | Malay MailNEW YORK, April 29 — Wall Street stocks dipped and the dollar fell yesterday as the Federal Reserve signaled a continuation of accommodative monetary policies ahead of a congressional address by President Joe Biden expected to call for massive additional investment and tax hikes. All three major...
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Asian shares mixed as earnings fail to inspire before Fed | Malay MailTOKYO, April 28 ― Asian shares were mixed today as already high valuations discouraged investors from buying equities ahead of a closely-watched US Federal Reserve meeting. MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.23 per cent. Australian stocks rose 0.55 per cent, but...
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Global stock markets dip on caution before Fed, earnings | Malay MailNEW YORK, April 28 ― Shares eased from record peaks yesterday as optimism about a global economic recovery was dented by caution before a policy decision by the US Federal Reserve and earnings updates from a number of blue-chip companies. MSCI's gauge of stocks across the globe shed 0.11 per...
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Dollar pins hopes on Fed, Biden for cementing rebound from eight-week low | Malay MailTOKYO, April 28 ― The dollar is set to take its cue from the US Federal Reserve's policy statement and President Joe Biden's speech today, as it seeks to extend a recovery from an eight-week low touched earlier in the week against a basket of currencies. The dollar index stood at 90.968, bouncing...
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