Stocks fall as Fed’s pledge relief rally fades | Malay Mail

A street cleaning operative walks past the London Stock Exchange Group building in London’s financial district March 9, 2020. — Reuters pic

Investors were worried about a surge in virus cases in the United States, along with parts of Europe and Asia. Australia, India, Vietnam and North Korea were all on high alert. But the Fed was already disappearing in the rear-view mirror today. Investor focus returned to negotiations over a new coronavirus relief package for the world’s largest economy.

“At these equity prices there is absolutely no margin baked in. They are priced for utter perfection. Hence a little unease.” The dollar’s weakness has supported the euro, which is headed for its biggest monthly gain in 10 years, having risen about 5 per cent so far this month. It was last down 0.3 per cent at US$1.1755.

Business Business Latest News, Business Business Headlines

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

Hong Kong stocks end higher | Malay MailHONG KONG, July 29 — Hong Kong shares closed on a positive note today ahead of a Federal Reserve policy decision later in the day, while investors are also keeping tabs on talks on a new US stimulus. The Hang Seng Index added 0.45 per cent, or 110.38 points, to 24,883.14. The benchmark Shanghai...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa Malaysia in the red mid-morning as investors flee banking stocks | Malay MailKUALA LUMPUR, July 30 — Bursa Malaysia stayed in the red at mid-morning, as investors fled finance index-linked counters following Prime Minister Tan Sri Muhyiddin Yassin’s announcement on the targeted moratorium extension yesterday. At 11.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...
Source: malaymail - 🏆 1. / 86 Read more »

Oil prices gain as US crude stocks post steepest drawdown this yearNEW YORK: Oil prices edged up today after a steep drop in US crude inventories, but another record day for Covid-19 cases worldwide kept gains in chec...
Source: theSundaily - 🏆 25. / 51 Read more »

Dollar teeters, stocks stalled as Fed comes in to focusSINGAPORE: The U.S. dollar hovered just above a two-year low on Wednesday, while stocks struggled, as growing worries about the U.S. economy had inves...
Source: theSundaily - 🏆 25. / 51 Read more »