Hong Kong stocks ended sharply down Tuesday ahead of a keenly awaited Federal Reserve policy decision that traders hope will shine some light on officials' plans for interest rates. The Hang Seng Index fell 1.24 percent, or 207.64 points, to 16,529.48. The Shanghai Composite Index dropped 0.72 percent, or 22.17 points, to 3,062.76, while the Shenzhen Composite Index on China's second exchange shed 0.43 percent, or 7.73 points, to 1,795.72. Source: AFP
European markets opened lower Tuesday as global investors look ahead to the start of the U.S. Federal Reserve's two-day policy meeting. The pan-European Stoxx 600 was down 0.1% in early deals, with sectors in mixed territory. Financial services stocks were down 0.7%, while oil and gas stocks rose 0.4%. Recent inflation reports could prompt the central bank to signal that interest rates will remain higher for longer than expected. Fed funds futures currently forecast a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week, according to the CME FedWatch...
Stock futures were little changed Tuesday after a bounce back in tech shares ahead of Nvidia's inaugural artificial intelligence conference. Heading into the day, Nvidia shares showed signs of cooling as investors shift their focus to the Federal Reserve's two-day policy meeting. Futures tied to the S&P 500 slipped 0.12%, while Dow Jones Industrial Average futures slid 18 points, or 0.05%. Nasdaq 100 futures were 0.26% lower. The S&P 500 broke a three-session slump during regular trading. The broad market index and the Nasdaq Composite entered Monday riding two-week losing...
Japanese stocks rose as the yen weakened after the Bank of Japan brought an end to the world's last negative rates in a widely expected move while keeping financial conditions easy for now. Topix rose 1.1% to 2,750.97 as of 3 p.m. Tokyo time Nikkei 225 advanced 0.7% to 40,003.60 The central bank's decision to end its negative-interest-rate policy has left markets largely unruffled because it was flagged well in advance, and the nation's stocks should be able to extend their recent rally, analysts said. Investors expect further rate increases from here to be gradual,...
Hong Kong stocks opened lower Tuesday as traders gear up for a Federal Reserve interest rate decision this week, hoping for guidance on its plans for interest rates. The Hang Seng Index dropped 0.65 percent, or 109.05 points, to 16,628.07. The Shanghai Composite Index eased 0.23 percent, or 6.95 points, to 3,077.98, while the Shenzhen Composite Index on China's second exchange shed 0.25 percent, or 4.46 points, to 1,798.98. Source : AFP