Dow opens higher, set for longest win streak in a year as ECB launches major stimulus package
Thursday, 12 September 2019 21:04 WIB |
MARKET UPDATE |Saham ASIndesk S&P 500
U.S. stocks opened modestly higher Thursday morning as market bulls appeared emboldened by easy-money policies enacted by the European Central and hope that it could influence the Fed.
The European Central Bank cut its deposit rate from negative 0.4% to negative 0.5%, while announcing it would begin open-ended purchasing of long-term government bonds at a pace of â‚¬20 billion a month in an effort to further reduce long-term interest rates, in a bid to boost the sluggish eurozone economy. The central bank said rates would remain at 'present or lower levels' until the inflation outlook 'robustly' converges with its target of just below 2%.
The Dow Jones Industrial Average rose 66 points, or 0.3%, at 27,207, while the S&P 500 index advanced 0.4% to 3,011 and the Nasdaq Composite Index rose 0.6% to 8,217. All three benchmarks stand within shouting distance of all-time records as investors bet that the ECB's move will influence the Federal Reserve, which gathers next week to decide on domestic monetary policy. Stocks had been headed higher before the ECB moves, after President Donald Trump said tariff hikes-from 25% to 30%-that were scheduled to take effect Oct. 1 will now go into effect Oct. 15.
Thursday, 19 September 2019 08:58 WIB
Hong Kong stocks edged up in early trade Thursday, in line with an Asia-wide advance, after the Federal Reserve cut interest rates again.
The Hang Seng Index rose 0.25 percent, or 66.61 points, to 26,820.73.
The benchmark Shanghai Composite Index added 0.24 percent, or 7.26 points, to 2,992.92 and...
Thursday, 19 September 2019 07:39 WIB
Tokyo stocks opened higher on Thursday helped by a cheaper yen against the dollar after the US Federal Reserve announced a rate cut.
The benchmark Nikkei 225 index was up 0.85 percent or 186.71 points at 22,147.42, while the broader Topix index was up 0.78 percent or 12.59 points at 1,619.21.
Thursday, 19 September 2019 03:32 WIB
Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day.
The Hang Seng Index eased 0.13 percent, or 36.12 points, to 26,754.12.
Thursday, 19 September 2019 03:22 WIB
The benchmark S&P 500 index ended almost flat on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
The Dow Jones Industrial Average rose 36.35 points, or 0.13%, to 27,147....
Wednesday, 18 September 2019 23:57 WIB
European shares steadied after early declines on Wednesday, as technology shares helped offset losses in luxury goods, while many investors remained on the sidelines ahead of an expected reduction in U.S. borrowing costs by the Federal Reserve.
Apple Inc™s component suppliers AMS, STMicro and Inf...