Page 83 - Us Fed News Today

Korean stocks plunge on US rate hike, Omicron fears

The dollar leapt 0.7% against the yen in the wake of the Fed's decision and Powell's remarks, its steepest daily jump in more than two months as the prospect of imminent hikes spooked stock markets and drove bond yields higher.

How the US Federal Reserve will affect the Indian stock market.

The Dow Jones Industrial Average rose 223.09 points, or 0.65%, at the open to 34,520.82

Its latest lending rate cuts last week, the second in two months, are admittedly modest but pushing them further risks triggering inflationary pressures. With the economy slowing, however, Beijing must find less risky ways of boosting consumer demand and business confidence.

Indian benchmark indices Sensex and Nifty lost 3.5% each, their biggest single-day decline since April last year

The Fed begins a two-day policy meeting later in the global day, and investors will be anxious for any hints on the timing and pace of rate hikes, as well as about how fast the central bank will shrink its more-than $8 trillion holdings of Treasuries and mortgage debt.

While a narrowing yield differential would normally make the renminbi less attractive, China’s economic heft and increasing trade surplus support a strong currency. The trend of rising global energy and commodities prices should also be on investors’ radar with regards to currencies of producer countries.

"Many new edge companies came out with unrealistic valuations amid euphoria in the market but we know that only a few companies will survive in the long run and I believe Zomato has the potential to perform in the long run." Zomato Shares Decline Further, Down 18% in Early Trade Due to Low Valuations.

The re-nomination of Jerome Powell as US Fed Chair at the end of November re-affirms the continuation of the Fed policy for a prudent normalisation, which should...