TOKYO—Global shares were mixed Thursday after the Federal Reserve raised a key interest rate, while noting the end may be near for its economy-crunching hikes to interest rates. France’s CAC 40 declined 0.3 percent in early trading to 7,112.95, while Germany’s DAX slipped 0.2 percent to 15,183.25. Britain’s FTSE 100 dipped 0.5 percent to 7,532.54….
Global Shares Mixed After Fed Hints Rate Hikes May End Soon
March 23, 2023
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Wall Street Opens Muted Ahead of Fed Rate Decision
Wall Street’s main indexes opened muted on Wednesday ahead of the outcome of the Federal Reserve’s rate-setting meeting in which the central bank will seek to balance inflation and banking sector concerns. The Dow Jones Industrial Average rose 9.59 points, or 0.03 percent, at the open to 32,570.19. The S&P 500 opened lower by 0.83…
Dollar Eases as Investors Ponder Outlook for Fed Rates
LONDON—The dollar held around five-week lows on Wednesday, before the conclusion of the Federal Reserve’s policy meeting at which investors will be looking for any insight on what might happen with interest rates given the turmoil in the banking sector. Markets show a quarter-point rise in U.S. rates is the most likely outcome, but investors…
Oil Slips on Demand Fears, Market Awaits Fed Decision
March 22, 2023
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LONDON—Oil prices edged lower on Wednesday following fresh indications of weak demand, and as the market awaited a crucial interest rate decision by the U.S. Federal Reserve. Brent crude futures, which have risen by almost 3 percent this week, were down 30 cents, or 0.40 percent, at $75.02 a barrel at 1026 GMT. U.S. West…
World Stocks Cautiously Higher Ahead of High Stakes Fed Decision
March 22, 2023
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LONDON—World stocks were cautiously higher on Wednesday as hopes that a banking crisis would be averted were tempered by uncertainty before a Federal Reserve meeting that sees the central bank caught between taming inflation and maintaining stability. Data showing British inflation unexpectedly rose to 10.4 percent in February boosted expectations for a quarter point rate…
Bipartisan Group Renews Push to Ban Lawmakers From Owning and Trading Stocks
A bipartisan group of lawmakers introduced legislation on Tuesday to ban members of Congress and their spouses from owning and trading stocks in a bid to restore trust in the U.S. government. Reps. Ken Buck (R-Colo.), Pramila Jayapal (D-Wash.), and Matt Rosendale (R-Mont.) introduced the “Bipartisan Ban on Congressional Stock Ownership Act,” which aims to prevent…
Investing for Longevity
March 21, 2023
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By Sandra Block From Kiplinger’s Personal Finance As you approach retirement, you may be tempted to shift most of your savings to more-conservative assets. That temptation may be particularly strong in today’s volatile market. But this strategy could increase the risk that you’ll outlive your money. If you retire in your early sixties, you may…
Stocks Rise for First 2-day Rally Since Banking Crisis Began
NEW YORK—Stocks rallied Tuesday, led by the banks most beaten down by the industry’s crisis, and some of Wall Street’s fear washed out on hopes the U.S. government will offer more help if needed. The S&P 500 jumped 1.3 percent to lock in its first back-to-back gain since Silicon Valley Bank’s rapid failure began two…
Oil Rises for 2nd Day as Banking Fears Ease for Now
March 21, 2023
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LONDON—Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector risks that could hit economic growth and reduce fuel demand. Sentiment across financial markets has improved after the UBS takeover of Credit Suisse, announced on Sunday, and after…
Shares Rise After Credit Suisse Deal, but Bank ‘Whack-a-Mole’ Not Over
March 21, 2023
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LONDON/SINGAPORE—Global shares rose on Tuesday, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a nasty surprise, and how central banks might respond. The Federal Reserve begins a two-day meeting later in the day and…
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