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
Friday, 20 September 2019 14:34 WIB
The Shanghai Composite Index rose for the third day, climbing 0.2 percent, or 7.17 to 3,006.45 in Shanghai.
Kweichow Moutai Co. contributed the most to the index gain, increasing 1.1 percent. Jinxi Axle Co. had the largest increase, rising 10.1 percent.
Today, 667 of 1,530 shares rose, while 760 f...
Friday, 20 September 2019 14:24 WIB
European stocks opened slightly higher Friday morning, amid caution about the possibility of the world's two largest economies de-escalating their long-running trade war.
The pan-European Stoxx 600 was up around 0.2% at 392.70 shortly after the opening bell, with most sectors and major bourses in p...
Friday, 20 September 2019 13:25 WIB
Tokyo shares ended higher Friday thanks to the yen's stability after the Bank of Japan hinted at possible further easing, though the US-China trade row continued to worry investors.
The headline Nikkei 225 index added 0.16 percent to 34.64 points to 22,079.09, while the broader Topix index rose 0.0...
Friday, 20 September 2019 08:55 WIB
Hong Kong stocks opened with small gains Friday morning as bargain-buyers moved in following a four-day drop, with dealers keeping an ear to the ground for fresh developments in the China-US trade row.
The Hang Seng Index rose 0.24 percent, or 63.93 points, to 26,532.88.
The benchmark Shanghai Com...
Friday, 20 September 2019 07:38 WIB
Tokyo stocks opened higher on Friday as investors took heart from a relatively cheaper yen, with relief prevailing after key central bank meetings ended without causing major market disruptions.
The benchmark Nikkei 225 index was up 0.27 percent or 59.84 points at 22,104.29 in early trade, while th...