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Global stocks fall amid central bank caution, oil prices gain

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Stocks slide on Thursday, September 17, as central banks warn that a quick, full recovery from the coronavirus pandemic is far from assured.

Global stocks fell on Thursday, September 17, as markets digested cautious outlooks from central banks, while oil prices rallied again as Saudi Arabia's top oil official called for compliance from other exporters on an Organization of the Petroleum Exporting Countries production agreement.

Traders have been hoping that Congress would pass more economic stimulus, but comments from Democratic House Speaker Nancy Pelosi and White House Chief of Staff Mark Meadows suggested the two sides still remain far apart. President Donald Trump has insisted that a vaccine will be ready by October, contradicting Centers for Disease Control and Prevention Director Robert Redfield, who said on Wednesday one would not be widely available until well into 2021.

 

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Global stocks mixed as Fed vows to keep interest rates lowWall Street equities finish mostly lower after a volatile session on Wednesday, September 16.
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