Testing time ahead due to Fed meeting, N Korea
SEVERAL events are likely to test the stock market this week, but none quite as significantly as the US central bank's policy meeting and persisting geopolitical fears fuelled by North Korea's latest provocation.
Wall Street's bull market appears to be raging on with the S&P 500 index surging past the 2,500 mark for the first time with a 0.2 per cent gain last Friday, alongside 0.3 per cent gains in the Dow Jones (record highs) and Nasdaq Composite indices.
US equities appeared unmoved by North Korea's decision to fire a missile over Japan and had also shrugged off the unexpected drop in US retail sales in August and the first drop in industrial output since January that…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BOJ will hike rates if trend inflation accelerates, says Ueda
Malaysia to build region’s largest chip design park in bid for top startup-hub status
British retailer JD Sports to buy US rival Hibbett for US$1.08 billion
Japan’s 7-Eleven convenience chain targets aggressive global growth
Renault Q1 sales rise 1.8%, helped by financing business
UBS lifts Chinese stocks to overweight in rare upgrade call