AFP Asia Business
Nasdaq surges above 20,000 after US inflation data matches estimates
American and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the US Federal Reserve will trim interest rates next month.While the Dow fell slightly, the other two major US indices advanced, led by the tech-rich Nasdaq, which piled on almost two percent to close above 20,000 points for the first time.The …
Nasdaq surges above 20,000 after US inflation data matches estimates Read More »
US-China officials to hold economic talks before Trump return
Economic officials in outgoing President Joe Biden’s administration are set to meet their Chinese counterparts this week for talks, in a final effort to strengthen ties before Donald Trump’s White House return.The talks come as Treasury Secretary Janet Yellen stressed in an interview Wednesday the need for “ongoing communications at all levels” to avoid needless …
US-China officials to hold economic talks before Trump return Read More »
Stocks mostly rise as US inflation data boosts rate cut hopes
US and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.Wall Street’s three main indexes pushed higher at the opening bell after November consumer inflation figures were in line with analyst expectations.The consumer price index (CPI) rose to 2.7 percent last month from a …
Stocks mostly rise as US inflation data boosts rate cut hopes Read More »
Stocks rise as US inflation data boosts rate cut hopes
US and European stock markets rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.Wall Street’s three main indexes snapped higher at the opening bell after November consumer inflation figures were in line with analyst expectations.The consumer price index (CPI) rose to 2.7 percent last month from a year …
Stocks rise as US inflation data boosts rate cut hopes Read More »