Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in U.S. interest rates in almost a decade.
After more than a year of posturing and a couple of false starts, the Federal Reserve is seen raising its rates by a token 25 basis points at 1900 GMT.
It will be a highly symbolic move, coming exactly seven years to the day since the U.S. central bank cut them to zero as the post-Lehman crash financial crisis engulfed the world and sent economies spinning into recession.
"It is a foregone conclusion that the Fed is going to raise rates," said Kully Samra, a managing director at U.S. focused investment manager Charles Schwab in London.
That hope that the Fed will stress it plans a softly softly approach was helping soothe jittery markets that have been roiled again over the last couple of weeks by a fresh slump in oil prices and fall in China's increasingly influential yuan.
That hope that the Fed will stress it plans a softly softly approach was helping soothe jittery markets that have been roiled again over the last couple of weeks by a fresh slump in oil prices and fall in China's increasingly influential yuan.
European shares opened broadly flat to consolidate sharp gains made on Tuesday and as new data bolstered signs of a gradual pick-up in bloc's confidence.
Written by Unknown
We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.
0 comments:
Post a Comment