News Formal

Market sees no clear signals from Fed

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Australia News News

Singapore stocks fell yesterday after the US central bank delivered a widely-expected rate cut but provided limited insight on its next course of action for the year. The Straits Times Index (STI) opened on higher ground but for the most part, moved between positive and...

"In the end, we are keeping a keen eye on trade discussions, on recently concerning oil dynamics, on market liquidity, on Brexit, on the pace of slowing employment conditions, and as always, on the inflation readings to work out when the Fed will cut again," said Mr Rick Rieder, BlackRock's chief investment officer of global fixed income.

Among the most active counters, TEE International closed at $0.047, up 2.17 per cent or $0.001, on a turnover of over 40 million shares. Indonesia's prolonged drought, part of a mild El Niño, has been hurting yield at the palm oil company. It posted a second-quarter net loss and recently told analysts that it was lowering its full-year production guidance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks post a split finish as Fed delivers a rate cutNEW YORK (AFP) - The benchmark Dow Jones Industrial Average erased a 200-point drop on Wednesday (Sept 18), leading Wall Street to a split finish as the Federal Reserve delivered another interest rate cut.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Huawei eyes computer market as US squeezes telecom businessHuawei will step up its presence in the global market for computer hardware, a top company official said on Wednesday, as the Chinese telecom ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »