The Baltic Exchange's main sea freight index extended its decline for the third session in a row on Thursday, dragged by lower rates across all vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax shipping vessels, lost 194 points, or 6.2%, to 2,933. * The capesize index dipped 509 points, or around 12.8%, to 3,478 points.
Asian share markets slipped on Thursday after minutes from the Federal Reserve's early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as persistent concerns over global growth sapped confidence.
By Stephen Culp. Wall Street ended higher Wednesday after the release of minutes from the Federal Reserve's latest monetary policy meeting, which showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.
* Wall Street rises on growth stocks. * U.S. dollar snaps two-day losing streak. By Elizabeth Dilts Marshall. Global shares rose on Wednesday after notes from the U.S. Federal Reserve's early May meeting showed a strong likelihood that the world's most powerful central bank will approve two more half-percentage-point rate hikes in coming months.
* Major U.S. stock indexes whipsaw following Fed minutes release. * Nordstrom (JWN) climbs after raising profit outlook. * Indexes up: Dow 0.18%, S&P 0.61%, Nasdaq 1.11% By Stephen Culp.
* Treasury yields fall before Fed minutes. * Wall Street rises on growth stocks. * U.S. dollar snaps two-day losing streak. By Elizabeth Dilts Marshall. Stock markets rose and benchmark U.S. treasury yields fell on Wednesday as traders waited for news from the U.S. Federal Reserve - the world's most influential central bank - that might shed light on the path of its policy tightening.
Wall Street ended higher Wednesday after the release of minutes from the Federal Reserve's latest monetary policy meeting, which showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.
A rally in energy and cannabis firms put Canada's main stock index on course for its fourth straight session of gains on Wednesday, even as the wider sentiment remained cautious ahead of minutes from the U.S. Federal Reserve's latest meeting.
The Russian rouble fell sharply past 60 to the dollar from its strongest level in more than four years in volatile trade on Wednesday and bonds rallied after the central bank announced an extraordinary board meeting.
Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve's latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required