|Day's Range||21,223.97 - 21,384.86|
|52 Week Range||18,224.68 - 24,129.34|
Investing.com – Asian equities traded higher in morning trade on Wednesday as investors await the Federal Reserve’s decision on U.S. rate hikes this year.
A hush settled over financial markets on Wednesday as investors counted down to a likely hike in U.S. interest rates and guidance on how many more to expect this year, while trade war fears kept export nations' currencies on edge. Markets are convinced the Federal Reserve will announce a quarter point hike at 1800 GMT, but are less sure if it will signal three or four for the year as a whole. "A significant weighting towards four hikes this year may well cause both equity and bond markets to sell off," Jonathan Sheridan, analyst at FIIG Securities in Sydney, said.
A hush settled over financial markets on Wednesday as investors counted down to a likely hike in U.S. interest rates and guidance on how many more to expect this year, while trade war fears kept export nations' currencies on edge.
SEOUL, South Korea (AP) — Asian stock markets advanced Wednesday ahead of the Federal Reserve's first meeting since the appointment of its new chair, Jerome Powell.
Japan's calls to add a warning against recent market volatility were reflected in the G20 finance leaders' communique, its vice finance minister said in a sign of Tokyo's concern over the risk of another yen spike that could hurt an export-reliant economy. In their communique issued after a meeting on Tuesday, Group of 20 finance leaders said "recent market volatility despite sound fundamentals of the global economy is a reminder of risks and vulnerabilities" of markets to sudden, shock events.
U.S. stocks ended higher on Tuesday, led by strong gains in the energy sector as the overall market attempted to reclaim some ground lost the previous day when tech shares fell sharply.
A rise in oil prices to three-week highs helped lift equity markets worldwide on Tuesday, while the U.S. dollar jumped ahead of a meeting of Federal Reserve policymakers, who are expected to go ahead with the first of at least three U.S. rate hikes this year. U.S. technology stocks lagged broader markets, continuing a sell-off sparked by reports of large-scale misuse of Facebook user data. Facebook Inc shares lost 2.5 percent, continuing a slide that took nearly 7 percent off their price on Monday.
TOKYO (AP) — Global shares were mixed Tuesday as indexes stabilized after jitters over Facebook and other technology companies led to losses on Wall Street. Investors are also awaiting the first Federal Reserve meeting under the new chairman, Jerome Powell, and anticipating the first rate increase of the year.
Asian stocks fell Tuesday, though paring earlier losses after tech shares fell sharply in the U.S. overnight due to concerns about whether Facebook Inc. did enough to stop improper access and handling ...
Global stocks were steady Tuesday as investors returned to big-name equities following yesterday's Facebook-led wipe-out of the tech sector and prepped for this week's interest rate decision from the U.S. ...