GLOBAL MARKETS-Global stock markets steady ahead of Fed meeting


The broad FTSEurofirst 300 index rose 0.8%, closing in on its record peak of February 2020, while the regional autos sector jumped 2.1% to its highest level since June 2018. On Wall Street, the Dow Jones Industrial Average fell 0.39%, the S&P 500 lost 0.16% and the Nasdaq Composite added 0.09%.

NEW YORK: Wall Street's S&P 500 index ended lower on Tuesday and a gauge of global equities was close to flat as investors awaited the Federal Reserve and other central bank meetings this week, where regulators will indicate whether they will retain policies supporting a post-pandemic recovery.

U.S. stocks retreated late in the session, with the Nasdaq shedding more than a 1% gain, as yields on longer-maturity U.S. Treasury bonds ticked up, nipping investor enthusiasm for tech stocks that are high-growth but wary of rising inflation.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

US , Fed , global stocks , Dow Jones , Nasdaq , S&P , oil ,

   

Next In Business News

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read