rates: MSCI's gauge of stocks across the globe fell half a per cent, its biggest drop since October 26, as the US Federal Reserve held interest rates as expected but indicated that another rate increase is likely in December, according to Nine News Australia. While the decision to hold rates was anticipated by markets, some participants had expected a more cautious approach from the central bank after a stock market rout in October. To improve your experience update it here News World Stocks poised for biggest dip in two weeks8 44pm Nov 9, stocks are heading for their biggest drop in two weeks and emerging market currencies have also slipped as a confident US central bank and weak Chinese data hit demand for risky assets. But the Fed indicated a December increase is a distinct possibility in a robust economy. Worries about trade wars and how the slowdown in China will impact the rest of the world mean stocks appear to be more risky, so there's a typical risk-off move in markets today, said DZ Bank rates strategist Pascal Segesser. That contrasts sharply with China, where cooling producer price inflation and falling car sales suggested an economy struggling to gain traction.
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