European Markets Close Higher Ahead of Fed Rate Decision

European markets closed higher Wednesday afternoon, as investors waited for the latest monetary policy decision from the U.S. Federal Reserve.

The pan-European Stoxx 600 index closed 0.2 percent higher at 388.25 provisionally with most sectors finishing in positive territory.

Source : CNBC

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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

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U.S. Stocks Rally After Jobless Rate Sinks to 3.9%

U.S. stocks logged their biggest advance in a week as investors reacted to an April U.S. jobs report that showed an 18-year low in the unemployment rate.

The S&P 500 Index gained 1 percent as of 11:37 a.m. New York time. The S&P 500 Index moved higher, led by technology and consumer shares. The dollar resumed its climb and Treasuries fell Treasuries as the market also assessed the impact of AmericaA?a��a�?s trade talks with China.

Source : Bloomberg

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