Asian stocks rise as investors await Fed decision

BEIJING — Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks.

Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. Oil prices declined. Traders expect the Fed to go ahead with another rate hike Wednesday but think it might be held to 0.25 percentage points, down from the 0.5 points previously expected. On Wall Street, the S&P 500 SPX rose to 3,951.57. The Dow Jones Industrial Average DJIA gained 1.2% to 32,244.58. The Nasdaq Composite COMP added 0.4% to 11,675.54.

First Republic Bank FRC has been at the center of investors’ crosshairs in the hunt for the industry’s next victim. Its shares fell 47.1% after S&P Global Ratings cut its credit rating for the second time in a week.

Asia sets the markets

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Top Wall Street analysts pick these five stocks for the long termTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including BJ's & CrowdStrike Wall Street analysts got a mixed track record! Do your homework before trusting their opinion. Wall Street publish false analysis so they bet against retail investors by doing the opposite. Easy win $$$
La source: CNBC - 🏆 12. / 72 Lire la suite »