The Fed’s pledge of trillions of dollars in support has been key to stock market gains since the massive virus-induced sell-off in March. — Reuters pic
“Cheap central bank money is going to continue to support the stock markets,” said independent analyst Timo Emden in Frankfurt. “Monetary policy will be highly stimulative for a long, long time. Indeed, music to the stock market’s ears,” said Stephen Innes at AxiCorp.
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:
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.
Asian stocks hit two-year top, Nikkei bounces as Berkshire buys in | Malay MailSYDNEY, Aug 31 — Asian shares notched a fresh two-year high today as investors wagered monetary and fiscal policies globally would stay super stimulatory for a protracted period, keeping the safe-haven dollar on the defensive. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2...
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong stocks finish lower | Malay MailHONG KONG, Aug 31 — Kong stocks closed with losses today, reversing an early rally, with profit-taking setting in following last week’s rally. The Hang Seng Index slipped 0.96 per cent, or 245.01 points, to 25,177.05. The benchmark Shanghai Composite Index eased 0.24 per cent, or 8.13...
Source: malaymail - 🏆 1. / 86 Read more »