All eyes on the FOMC meeting amid the gloom
THERE'S very little doubt over what this week's main market-moving event will be - the US Federal Open Markets Committee (FOMC) meeting over Tuesday and Wednesday.
It's the most-closely watched meeting in seven years since it will probably lead to a first interest rate hike since December 2008 when rates were lowered to almost zero to save a crumbling Wall Street in the wake of the US subprime crisis.
Fast forward to December 2015 and the US economy is deemed strong enough to stand on its own without monetary support, a conclusion drawn mainly from improving employment and wage numbers. So, at the end of last week, the federal…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN