Wall Street's main indexes opened higher on Monday after a sharp pullback in the previous session, as markets priced in prospects of deeper rate cuts by the Federal Reserve following a surprisingly soft jobs report. The Dow Jones Industrial Average (.DJI), opens new tab rose 135.4 points, or 0.31%, at the open to 43724.02. The S&P 500 (.SPX), opens new tab rose 33.7 points, or 0.54%, to 6271.71, while the Nasdaq Composite (.IXIC), opens new tab rose 203.8 points, or 0.99%, to 20853.907. Source: Reuters
European stock markets were mixed on Wednesday following recent strong gains as investors digested the historic debt reforms in Germany and assessed regional inflation data ahead of the latest Federal Reserve policy-setting meeting. The DAX index in Germany dropped 0.4% on Wednesday. However, the FTSE 100 in the UK climbed 0.1%, while the CAC 40 in France gained 0.7%. German debt vote passes Germany's lower house of parliament, the Bundestag, voted in favor of several changes to the country's constitution that would allow for a loosening in fiscal rules and pave the way for new investments...
The S&P 500 rose on Wednesday as investors awaited a policy announcement from the Federal Reserve later in the day. The broad market index was trading 0.7% higher, while the Nasdaq Composite was up about 1%. The Dow Jones Industrial Average was up 236 points, or about 0.6%. The Fed is scheduled to deliver its latest policy decision at 2 p.m. ET. While the Fed is widely expected to hold rates steady, investors will be looking to see if the central bank maintains its outlook for two rate cuts this year. They will also be listening to Fed Chair Jerome Powell for clues on how he sees the...
Stocks in Europe declined on Wednesday (19/3), with the STOXX 50 falling 0.4% and the STOXX 600 down 0.3%, snapping a three-session winning streak. Investors weighed Germany's historic constitutional amendment vote, developments on a potential ceasefire in Ukraine, ongoing tariff concerns, and key monetary policy updates. In Germany, the Bundestag approved an expected amendment to the debt brake, which will allow increased fiscal spending on infrastructure and defense. Meanwhile, Russian President Vladimir Putin agreed to a limited ceasefire halting attacks on Ukraine's energy...
The Hang Seng rose 30 points or 0.12% to close at 24,771 on Wednesday, marking its second day of gains and remaining at its highest level in three years, driven largely by financial stocks. Traders prepared for the US Fed's interest rate decision later in the day. While the central bank is expected to keep borrowing costs, an anticipated press briefing by Chair Powell may offer more insights into the economic outlook. In China, the PBoC is expected to hold key lending rates at record lows in its monthly review Thursday. However, further gains were capped by a caution from BofA Securities,...
European markets are set to open lower on Wednesday, as investors react to historic policy reforms in Germany and developments in the ceasefire in Ukraine, and await a key monetary policy update. London's FTSE 100 is expected to be little changed at the open, according to IG, while France's CAC 40 is forecast to drop 0.2% and Germany's DAX is scheduled to open about 0.5% lower. That comes after German lawmakers voted on Tuesday to reform the country's so-called debt restraint rules, which would allow for greater national spending on defense and authorize the creation of a 500 billion euro...