News Formal

Premarket: World stocks edge higher before Fed, yen intervention alarms flare

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The U.S. Federal Reserve is widely expected to hold interest rates unchanged in its policy decision, due later in the day

from the Federal Reserve later in the day, while the yen was stuck near one-year lows against the dollar as Tokyo ramped up intervention warnings.

Comments from Fed Chair Jerome Powell will be scrutinized to gauge where interest rates are headed and how long they will stay higher. U.S. stocks looked set for a shakier start on Wednesday, with S&P e-mini futures, NASDAQ futures and DOW futures all down around 0.21%. “Or if this is a new regime of higher real interest rates,” Irigoyen said. “And I think that I am more on the camp of the second option.”Market focus in Asia was firmly on the yen in the wake of the Bank of Japan’s decision to tweak its bond yield control policy again on Tuesday, further loosening its grip on long-term interest rates.

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:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Stock market news today: US stocks rise as investors await Fed decision, Apple earningsInvestors are bracing for the Federal Reserve decision and Apple earnings later in the week.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: US stocks rally as investors await Fed decision, Apple earningsInvestors are bracing for the Federal Reserve decision and Apple earnings later in the week.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »