France's CAC 40 rose nearly 0.2% in early trading to 6,879.36, while German's DAX added 0.3% to 14,813.45. Britain's FTSE 100 gained 0.2% to 7,710.23. The future for the Dow Jones Industrial Average was unchanged while that for the S&P 500 fell less than 0.1%.
The move is aimed at "greatly strengthening its investment in personnel, remunerating each and every employee appropriately for their ambition and talents, as well as increasing the company's growth potential and competitiveness in line with global standards," the company said in a statement. Investors were hoping for some clues about where the Fed is heading from its chair, Jerome Powell, who spoke at a forum in Stockholm on Tuesday. But he gave little news about rates.
Past rate increases and high inflation have already hurt economic activity around the world, and the Fed has pledged to keep rates high for a while to ensure the job is done on inflation. It doesn't envision any rate cuts until 2024.
The govt keeps printing money to launder in other countries. Imagine what $406M++ would do do help stabilize CANADIAN healthcare and failing infrastructure.