US EditionWall Street Sets Sights on Fed Announcement that Could Jolt Market
UNITED STATES, JUL 30 – Investors sold bonds ahead of the Federal Reserve's policy announcement after U.S. GDP grew 3% annualized in Q2, exceeding the 2.3% consensus, signaling economic strength and inflation concerns.
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Bonds Fall in Fed Run-Up Amid Strong Economic Data: Markets Wrap
(Bloomberg) -- Wall Street traders gearing up for the Federal Reserve decision drove bonds lower as stocks held near record highs as data showed the world’s largest economy is holding up. The dollar rose for a fifth straight day.
Washington - The New York Stock Exchange evolves without clear direction on Wednesday, with investors digesting a new salve of economic data while preparing to accept the Fed's decision on its rates, all on the basis of corporate results. Around 13:50 GMT, the Dow Jones (-0.08%) and the expanded S&P 500 index (+0.07%) were close to balance, while the Nasdaq index took 0.21% "For the time being, the news this morning seems to be positive," commen…
The S&P500 fell as Powell met with the press.
Following the US agreement with the EU, investors' attention is turning to the negotiations with China, although there is not much tangible information yet about the negotiations taking place in Sweden. In parallel, mixed movements were seen on the Asian stock markets this morning, and the day started with a slight drop in Europe, but the mood began to improve later. European GDP data began to arrive in the morning, including the Hungarian data,…
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