Stocks Attempt Post-Fed Bounce as Wall Digests Dovish Stance; Levi Strauss Set For Its IPO
Thursday, 21 March 2019 20:57 WIB |
MARKET UPDATE |DOW JONESS & P 500
U.S. stocks opened lower on Thursday but soon cut early losses, as investors digest the Federal Reserve's downgrade of the domestic economic outlook for 2019, citing sluggish global expansion. As expected, the central bank kept its key rate at a range of 2.25% and 2.50%, but a more dovish policy stance than investors has undercut the buying appetite on Wall Street.
The Dow Jones Industrial Average was virtually unchanged at 25,745, the S&P 500 index added 0.1% at 2,824, while the Nasdaq Composite Index rose 0.2% to 7,743. Ordinarily, the Fed's accommodative stance would be bullish for markets because it means lower borrowing costs for longer but some investors are wrestling with the idea that the Fed may be seeing negatives that investors should brace for, with its decision to lower gross domestic product forecasts to 2.1% from 2.3% for 2019 as well as slashing its projections for further rate hikes to zero from two last December.
Source : Marketwatch
Monday, 9 December 2019 18:50 WIB
U.S. equity futures edged down alongside European stocks as investors prepared for a week brimming with potential catalysts, from central bank meetings to the looming America-China tariff deadline. Treasuries and most government bonds advanced.
Futures on the S&P 500 Index decreased 0.1% as of ...
Monday, 9 December 2019 15:41 WIB
Hong Kong finished flat on Monday as weak Chinese trade data offset a forecast-beating jobs report from the US that eased concerns about the world's top economy.
The Hang Seng index edged down 3.64 points to 26,494.73.
The benchmark Shanghai Composite Index rose 0.08 percent, or 2.47 points, to 2,...
Monday, 9 December 2019 15:21 WIB
European stocks opened slightly lower on Monday as weak Chinese export data highlighted the detrimental impact of its prolonged trade war with the U.S.
The pan-European Stoxx 600 slipped 0.1% lower at 407.35 in early trade, with oil and gas stocks falling 0.6% to lead losses while retail stocks add...
Monday, 9 December 2019 14:53 WIB
China's blue-chip stocks closed lower on Monday after latest trade data highlighted persistent headwinds for the country's manufacturers amid a prolonged Sino-U.S. trade war.
The blue-chip CSI300 index fell 0.2% to 3,895.45, while the Shanghai Composite Index added 0.1%to 2,914.48.
Monday, 9 December 2019 13:36 WIB
Tokyo stocks rose for a third consecutive session Monday, extending rallies on Wall Street as investors closely watched key events this week including central bank meetings and the UK elections.
The benchmark Nikkei 225 index climbed 0.33 percent, or 76.30 points, to close at 23,430.70, while the b...