World Markets Steady
World Economy

World Markets Steady

Global shares were steady Wednesday as investors awaited the release of minutes from a March meeting of the US Federal Open Market Committee to obtain clues about the chances of interest rate hikes in coming months.
Britain’s FTSE 100 rose 0.6% to 6,128.57 and Germany’s DAX shed 0.2% to 9,549.10. France’s CAC 40 rose 0.3% to 4,260.86. US futures augured small gains on the open for Wall Street, with Dow futures up 0.1% and S&P futures up 0.2%.
Shares traded in New York in Dublin-based drugmaker Allergan Plc had fallen 15% on reports Tuesday that its $160 billion merger deal with Pfizer Inc. would be called off. Pfizer’s had risen 2.1%.
Earlier, Japan’s Nikkei 225 closed 0.1% lower at 15,715.36. Hong Kong’s Hang Seng index was up 0.2% at 20, 206.67, while China’s Shanghai Composite fell 0.1% to 3,050.59. Australia’s S&P ASX 200 gained 0.4% to 4,945.90. South Korea’s KOSPI rose 0.4% to 1,971.32, while Taiwan’s benchmark TAIEX index fell 1.7% to 8,513.30. Southeast Asian markets were mixed.
The Caixin services purchasing managers’ index for March rose to 52.2 from February’s 51.2. Despite the slight boost, services companies took a cautious approach to staff numbers, with the first fall in services sector employment since August 2013, said Caixin, a media group providing financial and business news.
Meanwhile, benchmark US crude was up $1.02 at $36.91 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose 93 cents to $38.80 per barrel.
The US dollar inched up to 110.41 yen from 110.31 yen the previous trading day. The euro fell to $1.14 from $1.41.


Short URL : http://goo.gl/dIi9Wm
  1. http://goo.gl/tG9EwJ
  • http://goo.gl/jnMDXS
  • http://goo.gl/L6KKl6
  • http://goo.gl/eDoq8g
  • http://goo.gl/n6CvF6

You can also read ...

If both sides continue with tit-for-tat tariffs, the inflation would lead to further increases in interest rates  and give rise to disturbances in the currency markets.
The trade war between the US and China risks substantially...
Hong Kong’s GDP fell to 3.5% in the second quarter.
The outlook for Hong Kong’s economy is darkening as rising...
Norway to Surpass Sweden
Sweden’s economic prospects have dimmed in recent months and...
China Growth Momentum Slows
China’s economy hit a mid-year rough patch as efforts to curb...
Crypto Market Struggles as Bitcoin Dips Below $6,000
Bitcoin touched below $6,000 and dozens of smaller digital...
Many emerging market economies are better prepared now because they have a good international reserve position and they allow their exchange rates  to float more freely.
Italian economist Claudio Borio is considered an authority in...
Saudi, UAE Non-Oil Sectors Remain Subdued
Saudi Arabia’s non-oil sector activity cooled off in July,...
Bankruptcy Soars Among Elderly in United States
A growing number of retirees in the US are filing for...