Page 26 - Patricko Hare News Today

US and European stock markets mostly picked up on Friday as investors fished for bargains and shrugged off losses elsewhere, but oil prices dropped over concerns on the world economy.

LONDON — A British austerity budget hit the pound and gilts on Thursday, with stocks suffering worldwide on the glum economic outlook and the prospect of painfully high interest rates to curb inflation.Britain unveiled a painful budget with £55 billion ($65 billion) of tax hikes and spending cuts despite confirming its economy was already in recession.Finance minister Jeremy

A British austerity budget hit the pound and gilts on Thursday, with stocks suffering worldwide on the glum economic outlook and the prospect of painfully ..

A British austerity budget hit the pound and gilts on Thursday, with stocks suffering worldwide on the glum economic outlook and the prospect of painfully high interest rates to curb inflation.

Global stock markets fell Wednesday, with key New York indexes ending in a sea of red as traders grappled with inconclusive US election results and upheaval in the cryptocurrency market.

Investors expect Fed rates to top out at over 5%, compared with 4% previously

The New York Stock Exchange was down sharply on Thursday after the opening following indications from the Fed, which considers that considering a pause in the increase in key rates is "very premature".

Wall Street eyes chance of divided Washington after midterms

With polls suggesting Republicans will retake at least one congressional chamber in next week's US elections, Wall Street is feeling hopeful about a likely return of a divided Washington.

With polls suggesting Republicans will retake at least one congressional chamber in next week's US elections, Wall Street is feeling hopeful about a likely