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Added on the 23/05/2016 22:47:32 - Copyright : Reuters EN
Stocks pared gains after the release of Fed minutes, which showed concerns about global economic growth, but still closed higher. Bobbi Rebell reports.
U.S. stocks closed lower on Friday as the Federal Reserve's decision to keep interest rates near zero stoked concerns about the potential impact of weak global growth on U.S. corporate earnings.Bobbi Rebell reports.
Federal Reserve Chair Jerome Powell says that recent banking sector developments "are likely to result in tighter credit conditions for households and businesses," and to weigh on economic activity, hiring and inflation. During a press conference, he adds that "some additional policy firming may be appropriate" to get to a stance that is sufficiently restrictive to bring inflation down. SOUNDBITE
Tokyo, Sep 21 (EFE/EPA).- Tokyo stocks tumbled Tuesday more than 600 points, sinking under the 30,000 level in the early trading after the Wall Street fell 614 points on concerns over the Chinese real-estate developer Evergrande financial crisis. (Camera: KIMIMASA MAYAMA). SHOT LIST: PEDESTRIANS WALK PAST A DISPLAY SHOWING TOKYO'S NIKKEI STOCK AVERAGE AFTER A MORNING TRADE SESSION AT A SECURITIES OFFICE IN TOKYO, JAPAN.
Tokyo, Jun 21 (EFE/EPA).- Tokyo's stock market index Nikkei plunged 3.29 percent, or 953.15 points, to close at 28,010.93 Monday following investors' concern over a potential US interest rate increase. (Camera: FRANCK ROBICHON).SHOT LIST: PEOPLE WALK PAST A STOCK MARKET INDICATOR BOARD IN TOKYO, JAPAN.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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