Arab Today, arab today markets buoyant after fed assessment
Last Updated : GMT 10:23:50
Arab Today, arab today
Arab Today, arab today

Markets buoyant after Fed assessment

Arab Today, arab today

Arab Today, arab today Markets buoyant after Fed assessment

London - Arabstoday

Markets were buoyant Wednesday, a day after a fairly rosy assessment of the US economy from the Federal Reserve boosted confidence about the state of the world\'s largest economy. A seeming calm in Europe\'s debt crisis following Greece\'s successful bond swap has also fueled the optimism, that\'s sent many stock indexes around the world up to multi-month highs. US markets are doing even better, trading at levels not seen since the collapse of US investment bank Lehman Brothers in 2008. The latest bout of optimism was fueled by a more positive tone from the Fed after it kept monetary policy unchanged. It also pledged to keep its key interest rate at super-low levels until late 2014. News that all but four of 19 major US banks passed a Federal Reserve \"stress test\" exercise and got the green light to boost dividends and take other steps that will make their stocks more attractive to investors also helped support markets. \"Sentiment remains positive, aided by a neutral Fed statement, better US economic data, and US banks passing the Fed\'s stress test,\" said Neil MacKinnon, global macro strategist at VTB Capital. \"Worries about the Greek debt crisis have diminished in the light of the recent restructuring and investors seem sanguine about potential knock-on effects elsewhere in the euro zone,\" he added. The combination of improving US economic indicators and calmer European debt markets helped most stocks continue to rise on Wednesday, a day after the Dow Jones industrial average closed above 13,000 and the broader S&P 500 index breached 1,380, widely considered a key technical level in the markets. In Europe, Germany\'s DAX closed 1.2 percent higher at 7,079.42 while the CAC-40 in France rose 0.4 percent to 3,564.51. Britain\'s FTSE 100 slipped 0.2 percent to 5,945.43. In the U., the Dow Jones Industrial Average was up 0.1 percent at 13,194.06 while the S&P 500 was flat at 1,395.31. The last time it closed above the 1,400 mark was in June 2008. The recent positive US economic news has also benefited the dollar as investors have reined in predictions of another monetary stimulus from the Fed. The euro was trading 0.3 percent lower at $1.3041 while the dollar was 0.8 percent higher at 83.65 yen. Earlier in Asia, stocks outside of China were mostly higher. Japan\'s Nikkei 225 index jumped 1.5 percent to 10,050.52 as the yen continued its retreat from record highs against the dollar. The last time the Nikkei closed above 10,000 was July 27. But Hong Kong and mainland Chinese shares lost ground, with property developers among the biggest decliners, after Premier Wen Jiabao said government curbs that have started to cool surging housing prices will remain in place. Hong Kong\'s Hang Seng Index slipped 0.2 percent to 21,307.89. The benchmark Shanghai Composite Index tumbled 2.6 percent to 2,391.23. The Shenzhen Composite Index plunged 4.1 percent to 969.12.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today markets buoyant after fed assessment Arab Today, arab today markets buoyant after fed assessment

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday