Banking Latest News: Market Closes Tightly Mixed After Day of Wary Trading

Wochit 0:56 mins

Wall Street lacked direction as it awaited the week?s main economic news, and the stock market wandered between slight gains and losses before closing barely higher. Traders were especially disinclined to make big bets before the Federal Reserve issues its policy statement The second half of this week will be a crazy quilt of economic indicators with an emphasis on crazy. From Gross Domestic Product and the Fed meeting to jobs numbers and various earnings reports, we?re getting it all. A $9 billion rights issue and a fresh purge of assets are among the measures Britain's Barclays and Germany's Deutsche Bank announced to meet tougher rules on risk, raising concern among investors that regulators will push other European banks into similar action.

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