U.S. Stock Market Attempts to Climb Ahead of Expected Fed Rate Hike

U.S. stock-market indexes were tentatively higher on Wednesday as investors awaited a decision from the Federal Reserve, which is widely expected to increase rates by a quarter of a percentage point and offer details on path forward for monetary policy.

The S&P 500 rose 4 points, or 0.2%, to 2,791, with six of the 11 main sectors trading lower. Telecoms shares were among the worst hit, with the sector down more than 3% after Tuesday’s court ruling that AT&T can go ahead with its nearly $ 85 billion acquisition of Time Warner.

The Nasdaq Composite added 42 points, or 0.5%, to 7,746 and set an intraday record at 7,747.16.

The Dow Jones Industrial Average edged 22 points, or 0.1%, to 25,340.

Source : Market Watch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Asia Equities Decline as Fed Stokes Rate Hike, Inflation Concerns

Asian equities fell for a third day after the Federal Reserve held interest rates steady and indicated it would let inflation rise to its target, without signaling any intention of departing from a gradual tightening. Japan markets were shut for a two-day holiday.

The MSCI Asia Pacific ex-Japan Index fell 0.5 percent to 563.94 as of 4:52 p.m. in Hong Kong after opening briefly higher. Financial, technology and telecom shares led the retreat while a gauge of materials producers advanced as oil and metals climbed. The Fed said inflation will run near its target over the medium term, and it expects economic conditions to evolve in a manner that will warrant further gradual increases in the federal funds rate.

Source : Bloomberg

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Tokyo Stocks Open Lower Weighed by Rate Hike Fears

Tokyo stocks opened lower on Wednesday, extending falls on Wall Street over worries about higher interest rates.

The benchmark Nikkei 225 index lost 0.79 percent or 175.25 points to 22,102.87 in early trade, while the broader Topix index was down 0.68 percent or 12.02 points at 1,757.73.

Source : AFP

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

1 2 3 29