Shares steady and yields drop on Fed minutes relief
World stock markets broadly stabilised on Thursday and bond yields eased as no hawkish surprises from the latest U.S. Federal Reserve minutes helped soothe immediate worries over the impact of rate hikes on economic growth.
Asian shares stumble on growth worries as central banks tighten
Asian share markets slipped on Thursday on persistent concerns over growth in China and worries about the Federal Reserve's intent to tighten policy quickly, confirmed in minutes of the early May rate-setting meeting released overnight.
Asian Shares Stumble On Growth Worries As Central Banks Tighten
Asian share markets slipped on Thursday after minutes from the Federal Reserve's early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as persistent concerns over global growth sapped confidence. While the minutes also highlighted policymakers' faith in the strength of the U.S. economy, helping lift the mood on Wall Street overnight, sentiment in equity markets remains fragile after weeks of volatile …
World shares mixed on growth worries as central banks tighten
MILAN/SHANGHAI -- World shares were mixed on Thursday on persistent concerns over slowing economic growth and after the latest U.S. Federal Reserve minutes confirmed its intent to tighten monetary policy quickly. Read More