Tag: U.S. Federal Reserve
Asian stock Markets plummet after U.S. Fed rate cut
Shares in Asia took a hit on Monday even after the U.S. Federal Reserve slashed its benchmark interest rate, while Australia’s market suffered its worst loss in history. SEE ALSO: China Fast-tracks Logistics work Resumption ...
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Oil prices nudge higher, eyes on speech by Fed chair
Oil prices clawed back the previous day’s losses on Friday, with Brent nudging above $60 a barrel. This is as tighter supplies from key producers offset slowing demand growth and investors await clues on the ...
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Stocks, currencies firm up ahead of U.S. Fed outcome
Emerging market stocks rose on Wednesday, while developing world currencies broadly firmed against the dollar as investors counted on the U.S. Federal Reserve’s outlook later today to match their expectations of lowering U.S. borrowing costs. ...
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