US stocks surge ahead of Fed meeting
US stocks Tuesday rose decisively as investors bet that the Federal Reserve will stay the course the next day on its economic stimulus policy.
US stocks Tuesday rose decisively as investors bet that the Federal Reserve will stay the course the next day on its economic stimulus policy.
Asian markets were mixed on Tuesday, with traders sitting on the sidelines as they await the US Federal Reserve’s plans for its stimulus program.
Money sent home by overseas Filipino workers (OFW) reached $2 billion last April amid the sustained demand for high-skilled workers in other countries.
Asian markets were mixed Monday despite a weak batch of US economic data boosting hopes that the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week.
Asian markets dived Thursday, with Tokyo’s Nikkei losing more than six percent, while the dollar hit 10-week lows against the yen on expectations that central banks’ monetary easing measures will end soon.
Indonesia’s central bank has moved to shore up its rupiah currency after it hit a four-year low, as foreign investors exit emerging markets due to expectations that huge stimulus schemes in the developed world will soon end.
Asian markets fell in holiday-reduced trade on Wednesday, as the Bank of Japan’s refusal to unveil any fresh stimulus measures raised concerns about central banks’ role in supporting the world’s economies.
US stocks ended the day solidly lower Tuesday after the Bank of Japan’s status-quo policy decision revived concerns about the winding down of central bank stimulus measures.
The Bases Conversion and Development Authority has contributed P2.309 billion to the nation’s coffers. The amount is said to be the fourth-biggest to be turned over by a government-owned and -controlled corporation (GOCC).
Asian markets mostly fell on Tuesday following the previous day’s rally, with Tokyo tumbling more than two percent at one point after the Bank of Japan failed to announce any new stimulus measures.
The peso slumped on Tuesday, weakening back to the 43-to-a-dollar territory as signals that the US and Japanese central banks are allowing their stimulus programs to taper off dampened appetite for emerging market currencies.
Asian markets rose Monday, with the greenback also climbing, after a report showing modest gains in US job creation eased concerns the Federal Reserve will soon start to roll back its huge monetary easing scheme.
