Strong earnings a threat to rate cut expectations
CALL it the reverse silver lining: earnings and economic data are coming in a little too strong for stock-market bulls hoping for drastic action from the US Federal Reserve this week.
Stocks could even sell off after a widely expected Fed cut on Wednesday as spoilt investors wonder: "Is that all?"
US stocks rose last week, with major indexes hitting record highs after strong housing and gross domestic product data and better-than-forecast earnings from Google, McDonald's and others.
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Capital Markets & Currencies
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
Japanese companies struggle with yen’s continued weakness
Singapore stocks open stronger on Thursday; STI up 0.5%
Stocks to watch: DBS, Olam, Parkway Life Reit, Japfa, CSE Global
Europe: UK’s FTSE 100 slips ahead of Fed outcome, energy stocks weigh
US: Stocks end mostly lower in volatile reaction to Federal Reserve