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Global stocks fall on Fed’s gloomy employment outlook
Global stocks fell on Thursday after the US Federal Reserve predicted it would not raise rates until 2022 because of an expected protracted slump in employment. Japan’s benchmark Topix slipped 1.8 per cent and Australia’s S&P/ASX 200 dropped 2.9 per cent, while Hong Kong’s Hang Seng shed 1 per cent and the CSI 300 index of Shanghai- and Shenzhen-listed stocks was flat. The falls in Asia-Pacific followed a cool reaction on Wall Street to the Federal Reserve’s decision to keep interest rates at near zero until 2022, with the S&P 500 index ending 0.5 per cent lower after swinging between gains and losses on Wednesday.
https://finance.yahoo.com/m/201450c...99/global-stocks-fall-on-fed’s.html?.tsrc=rss
Global stocks fell on Thursday after the US Federal Reserve predicted it would not raise rates until 2022 because of an expected protracted slump in employment. Japan’s benchmark Topix slipped 1.8 per cent and Australia’s S&P/ASX 200 dropped 2.9 per cent, while Hong Kong’s Hang Seng shed 1 per cent and the CSI 300 index of Shanghai- and Shenzhen-listed stocks was flat. The falls in Asia-Pacific followed a cool reaction on Wall Street to the Federal Reserve’s decision to keep interest rates at near zero until 2022, with the S&P 500 index ending 0.5 per cent lower after swinging between gains and losses on Wednesday.
https://finance.yahoo.com/m/201450c...99/global-stocks-fall-on-fed’s.html?.tsrc=rss
