* Nikkei, Topix get near to August peaks. * Fed easing supports sentiment on economy. * Profit-taking curbing rally in Japanese shares. By Hideyuki Sano. Japanese shares rallied to close in on this year's peaks on Thursday, with domestic demand-led shares leading gains after a rate cut by the U.S. Federal Reserve helped boost risk sentiment.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * BOJ on hold, as expected; disappoints some who hoped for a move. * Fed cuts rates, but Powell's tone disappoints doves. * Oil futures drift higher as geopolitical risks remain. By Stanley White.
What's a central bank supposed to do when it's not sure whether a supply-side shock is coming in a month? So with the possibility of the U.K. leaving the European Union in a so-called hard manner at the end of October-- that the British government itself says could lead to shortages of medicine and food-- analysts say the Bank of England isn't in a situation to either boost, or restrict, demand. "The Bank of England is not expected to change inflation rates from 0.75% and the market appears to...
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Fed cuts rates, but Powell's tone disappoints doves. * BOJ on hold, but other central banks are easing policy. * Oil futures drift higher as geopolitical risks remain. By Stanley White. Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signalled a higher bar to further policy easings.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Fed cuts rates, but Powell's tone disappoints doves. * BOJ seen on hold, but other central banks are easing policy. * Oil futures drift higher as geopolitical risks remain. By Stanley White.
U.S. stock-index losses accelerated Wednesday afternoon as investors assessed the Federal Reserve's decision to cut rates, as expected, with several dissenting votes, implying that further reductions are not guaranteed.The Dow Jones Industrial Average was down 170 points, or 0.6%, to 26,943, while the S&P 500 lost 21 points, or 0.7%, to trade at 2,984. The Nasdaq Composite declined 83 points, or 1%, to 8,103. The rate-setting Federal Open Market Committee cut rates by one quarter...
* Gold slips, dollar advances. * Oil prices cool after Saudi production pledge. By Stephen Culp. The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement.
U.S. stocks wobbled, then staged a late-session rebound Wednesday after the Federal Reserve lowered interest rates but signaled a divided outlook for the rest of the year. Trading was volatile in the two hours after the Fed's rate decision. Stock selling initially accelerated, sending the Dow Jones Industrial Average down more than 200 points, after the Fed's policy statement showed officials weren't in agreement about the prospect of further rate cuts in 2019. That may have...
By Chris Matthews, MarketWatch, Andrea Riquier. Fed cuts interest rates but possibly last for last time this year. U.S. stocks ended Wednesday flat to higher, after the Federal Reserve announced it would cut its benchmark federal funds rate a quarter percentage point, in line with market expectations, but included language in its accompanying statement and economic projections that called into question whether there will be another rate cut this year or next.
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