This week's FOMC meeting expected to be a non-event
AT this stage of the US economic recovery, a Federal Open Market Committee (FOMC) meeting which could yield an interest rate hike would normally be of paramount importance. That is, if these were normal circumstances. The problem is that the situation is far from normal.
China's possible hard landing, a volatile and unpredictable oil market, the upcoming "Brexit" vote in the UK, continued warnings from the International Monetary Fund about sub-par global growth, a slow and likely stagnant European recovery with risks that are tilted to the downside, and a Japan …
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
Europe: Adidas, LVMH steer shares higher on earnings relief
Rebound relief for Asian stocks; STI up 0.3% led by DBS, UOB
Asia: Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Cordlife to raise S$8.2 million from private placement
Singapore stocks open lower on Wednesday; STI down 0.1%
Stocks to watch: CDL, Keppel Pacific Oak US Reit, Cordlife