Stock rise at open Wednesday after Fed's Powell signals likely interest rate cut in testimony to Congress
Wednesday, 10 July 2019 20:40 WIB |
MARKET UPDATE |Saham AS
U.S. stocks rose on opening Wednesday after Federal Reserve chair Jerome Powell's planned testimony to Congress at 10.00 am Eastern indicated a likely interest rate cut later this month.
The Dow Jones Industrial Average was up 0.36% at 26,886, while the S&P 500 rose 0.41% to 2992 and the Nasdaq gained 0.65% to 8,193. All three indexes remain close to record highs seen in June. Powell noted that while the U.S. jobs market remains robust and consumer spending appears set to rebound, business investment has slowed considerably, along with housing investment and manufacturing output.
"Since [the Fed meeting in mid-June], based on incoming data and other developments, it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook," Powell said.
Tuesday, 14 July 2020 13:29 WIB
Tokyo stocks closed lower Tuesday on profit-taking as sentiment worsened after rallies fizzled on Wall Street due to fresh worries over the coronavirus and renewed US-China tensions.
The benchmark Nikkei 225 index was down 0.87 percent, or 197.73 points, at 22,587.01, while the broader Topix index ...
Tuesday, 14 July 2020 09:05 WIB
Hong Kong shares opened lower Tuesday after the city joined several countries in reimposing containment measures as the virus sees a resurgence, fuelling worries about the economic recovery.
The Hang Seng Index slipped 0.42 percent, or 108.96 points, to 25,663.16.
The benchmark Shanghai Composite ...
Tuesday, 14 July 2020 08:50 WIB
Stocks in Asia Pacific dipped in Tuesday morning trade, ahead of the release of China™s trade data for June.
In Japan, the Nikkei 225 slipped 0.7% in morning trade while the Topix index declined 0.38%. South Korea™s Kospi shed 0.44%.
Shares in Australia also traded lower, with the S&P/ASX ...
Tuesday, 14 July 2020 07:28 WIB
Tokyo stocks opened lower on Tuesday as sentiment worsened after falls on Wall Street due to fresh worries over the coronavirus and renewed US-China tensions.
The benchmark Nikkei 225 index was down 0.58 percent or 131.39 points at 22,653.35 in early trade, while the broader Topix index slipped 0.4...
Tuesday, 14 July 2020 03:28 WIB
Hong Kong stocks finished Monday on a positive note as hopes for a virus vaccine overshadowed concerns about a fresh wave of infections in the financial hub.
The Hang Seng Index added 0.17 percent, or 44.71 points, to 25,772.12.
The benchmark Shanghai Composite Index climbed 1.77 percent, or 59.96...