UK stocks subdued ahead of Fed policy meeting outcome | Malay Mail

Signage seen outside the entrance of the London Stock Exchange August 23, 2018. — Reuters picLONDON, March 17 — British shares slipped today, dragged by miners and energy stocks, as investors awaited the outcome of a US Federal Reserve policy meeting to get cues about interest rates.

“The Fed for sure doesn’t want the yield to be higher, so they might come out with some control mechanism but I think they will hold until if and when the yields spike higher.” A spate of volatility in money markets has stoked speculation that Fed policymakers might be forced into a technical adjustment to the levers controlling its benchmark interest rate to ensure that it does not fall too low, but few expect them to act on the matter at this week’s meeting.

Retail investment platform Hargreaves Lansdown rose 1.1 per cent, as it expects its profit for the year ending June 30 to be “modestly” above analyst estimates.

United States United States Latest News, United States United States Headlines

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

Global stock markets dip on caution before Fed, earnings | Malay MailNEW YORK, April 28 ― Shares eased from record peaks yesterday as optimism about a global economic recovery was dented by caution before a policy decision by the US Federal Reserve and earnings updates from a number of blue-chip companies. MSCI's gauge of stocks across the globe shed 0.11 per...
Source: malaymail - 🏆 1. / 86 Read more »

Asian shares wobble ahead of Fed outcome and earnings | Malay MailTOKYO, April 27 ― Asian shares fell and US stock futures were steady today as caution ahead of a US Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the Covid-19 blow. MSCI's broadest index of Asia-Pacific shares outside...
Source: malaymail - 🏆 1. / 86 Read more »