Arab Today, arab today markets buoyant after fed assessment
Last Updated : GMT 02:32:13
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.

arabstoday
arabstoday

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

 



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 Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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