Shares in Australia traded cautiously in early trade on Monday morning after the U.S. Federal Reserve announced overnight that it was keeping interest rates on hold, and indicated that no more rate hikes would be coming in 2019.
That announcement sent the 10-year Treasury yield to its lowest in a year, with the Dow Jones Industrial Average and S&P 500 also taking a knock as bank stocks sold off. "Markets were geared up for a relatively dovish Fed and in the event got something even more dovish than they expecting," Ray Attrill, head of foreign exchange strategy at National Australia Bank, wrote in a morning note.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.761, slipping sharply from highs above 96.4 seen in the previous session.
Source: Loan Digest (loandigest.net)
I think you mean Thursday morning....
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia shares, bonds buoyed as Fed seen dovishAsian share markets crept ahead on Monday while bonds were in demand globally on... The “sugar high” from Trumps tax cuts is over. The gasoline he poured on the economy is burning out.
Source: Reuters - 🏆 2. / 97 Read more »
Asia shares, bonds count on Fed to be accommodativeAsian shares pulled ahead on Monday while bonds were in demand globally on mount... Mavi💙
Source: Reuters - 🏆 2. / 97 Read more »
Asian shares hold near six-month high on hopes of dovish FedAsian shares got off to a cautious start on Wednesday, holding close to six-mont...
Source: Reuters - 🏆 2. / 97 Read more »
Asian shares steady as Fed looms, May's Brexit deal in chaosAsian shares held to tight ranges on Tuesday ahead of a Federal Reserve policy m...
Source: Reuters - 🏆 2. / 97 Read more »
Asian shares slip from 6-month high ahead of Fed policy decisionAsian shares slipped from six-month highs on Wednesday as investors took profits...
Source: Reuters - 🏆 2. / 97 Read more »
World shares face end to winning streak as Fed loomsWorld shares faced an end to their longest winning streak of the year as investo...
Source: Reuters - 🏆 2. / 97 Read more »
Asian shares steady ahead of Fed meeting; May's Brexit deal in chaosAsian shares treaded water on Tuesday ahead of a U.S. Federal Reserve policy mee...
Source: Reuters - 🏆 2. / 97 Read more »
Asian shares flat as Fed looms, May's Brexit deal in chaosTOKYO - Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve...
Source: Reuters - 🏆 2. / 97 Read more »
Fed holds line on rates, says no more hikes aheadThe Federal Reserve decided Wednesday not to raise interest rates and indicated that no more hikes will be coming this year. translation: interest rates are totally going up. Hahaha shooting themselves in the foot just in time for the impending recession 😂
Source: NBCNews - 🏆 10. / 86 Read more »
Fed jettisons plans to lift interest rates this year as economy slows and inflation softensWith growth slowing and inflation soft, Federal Reserve officials now expect to raise its benchmark interest rates once over the next three years, according... Thanks to new google store apps, printing money is easy (thus the perpetual markdown in its pricing). Only in America. unwind the balance sheet !
Source: MarketWatch - 🏆 3. / 97 Read more »