Page 25 - Federal Reserve

World stocks mixed, oil prices climb after Fed rate hike

Asian stocks surged Thursday while European markets opened lower after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries. Oil prices rose more than USD4 per barrel. London and Frankfurt and Wall Street futures sank. Hong Kong's market benchmark jumped more than 7per cent and Tokyo gained 3.5per cent. Shanghai, Seoul and Sydney advanced. Wall Street's benchmark S&P 500 index rose 2.2per cent after the Fed raised its short-term lending rate by 0.25 percentage points on Wednesday. The widely anticipated change was less than the 0.5 percentage point hike advocated by some officials. "Far from choking off growth, the start of the Fed tightening cycle seems to have been greeted warmly," Chris Turner and Francesco Pesole of ING said in a report. Investors are cheering measures to address high inflation. In early trading, the FTSE 100 in London lost 0.1per cent to 7,283.28 and the DAX in Frankfurt .

Oil surges by 4% amid IEA's warnings of supply shortages

The supply loss would be far greater than an expected drop in demand of one million bpd triggered by higher fuel prices, the IEA said in a report on Wednesday

Asian stocks rally as fears ease over Ukraine peace talks, Fed and China

US stock futures indicated a slightly lower restart, but followed a 2.2% surge for the S&P 500 overnight

Euro rises to one-week high on hopes for progress in Ukraine peace talks

New Fed projections showed policymakers ready to shift their inflation fight into high gear; most of them see the federal funds rate rising to a range between 1.75% and 2% by the end of 2022

Fed raises US interest rates by 25 bps in opening bid to curb inflation

The interest rate path shown in new projections by policymakers is tougher than expected, reflecting Fed concern about inflation that has moved faster

Wall Street surges on Ukraine peace talks, looming Fed rate hike

Big banks rise in anticipation of interest rate hike; China ADRs surge on Beijing's move to support markets

Stocks sway on Wall Street as oil slides to $100 per barrel

Stocks are swaying on Wall Street as waves of market-moving forces crash into each other and keep trading jumbled, from war in Ukraine to an upcoming Federal Reserve meeting on interest rates. The S&P 500 was down 0.2% in afternoon trading after the yield on the 10-year Treasury touched its highest level since the summer of 2019. The Dow Jones Industrial Average was up 171 points, or 0.5%, at 33,115, as of 12:18 p.m. Eastern time, and the Nasdaq composite fell 1.2%. Elsewhere around the world, markets pulled in opposing directions. European markets climbed, while stocks fell sharply in Hong Kong after the neighboring city of Shenzhen was ordered into a shutdown to combat China's worst COVID-19 outbreak in two years. Oil prices tumbled to take some pressure off the high inflation sweeping the world, with a barrel of U.S. crude falling toward $100 after touching $130 last week. Markets have careened in recent weeks amid uncertainty about whether the economy may be heading for a ...

Palladium slides more than 10% as shortage fears ease; gold falls 1%

A market authority said last week that Russian refiners can continue to sell platinum and palladium in London, the world's biggest precious metals trading centre

Investors richer by over Rs 13.16 trn in five days of market rally

Infosys topped the Sensex gainers' chart in Monday's session, spurting 3.76%, while HDFC Bank climbed 3.25% after the RBI on Saturday lifted all restrictions on the private sector lender

Dollar steadies, yen holds near five-year low on Ukraine talks, Fed meet

After uncertainty about the war in Ukraine prompted a market sell-off on Friday, stock markets rebounded on Monday and commodity prices edged back down

War, pandemic, and inflation deal Federal Reserve a complex triplet

In what now seem the simpler days of December, when there was only a pandemic to worry about, Federal Reserve officials rallied around the view they could tame inflation with modest interest rate hike

World shares drop on Ukraine conflict, looming US interest rate hikes

World shares slid on Friday, pressured by uncertainty about the conflict in Ukraine and expectations the Federal Reserve will hike US interest rates next week

Stocks jump, oil dips in Wall Street's latest dizzying swing

Stocks are jumping, and oil prices are easing Wednesday as the big swings shaking global markets go in both directions amid uncertainty about the war in Ukraine. The S&P 500 was 2.3% higher in morning trading, following a four-day losing streak that had pulled it 13% below its record set early this year. The Dow Jones Industrial Average was up 648 points, or 2%, at 32,281, as of 10:40 a.m. Eastern time, and the Nasdaq composite was 3.1% higher. Such big swings have been jerking markets around in recent weeks as investors grope to guess how much economic damage Russia's invasion of Ukraine will do. The swings have struck not only day-to-day but also hour-to-hour, with some days seeing several big reversals. The chaotic movements are likely only to continue with uncertainty so high about the war in Ukraine and its ultimate economic fallout. The region is key to markets because it's a major producer of oil, wheat and other commodities, whose prices have spiked on worries about ...

Palladium firms near record, gold accelerates as Ukraine worries mount

Investors also took stock of the London Platinum and Palladium Market's statement that Russian refiners can continue to sell platinum and palladium in London

Wall Street jumps; Fed's Jerome Powell assuages fear of aggressive hike

The Dow Jones Industrial Average was up 2.13% at 34,004.63 points, while the S&P 500 gained 2.17% to 4,399.6

Ukraine war won't deter Federal Reserve from March rate hikes: Report

US Federal Reserve and some of its major central banking peers will press ahead with lifting interest rates in March, money markets suggest, even as Ukraine war complicates picture of inflation

Global central banks were on the same page, Ukraine crisis may reshape that

The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been into doubt by Russia's invasion of Ukraine.

Fed should lift rates a full percentage point by mid-year: Waller

Federal Reserve Governor Christopher Waller on Thursday laid out the case for a "concerted" effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year.

Fed chief Powell to give policy update to Congress in early March

Powell will deliver his regular semiannual monetary policy update to the US House Financial Services Committee on March 2 and appear before the Senate Banking Committee on March 3

Indonesia records first annual current account surplus in a decade

Indonesia's persistent current account deficits and reliance on foreign portfolio inflows to fund them were among the main contributors to the volatility of the rupiah currency in the past