Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Indexes  >  US Dollar Index       

My previous session
Most popular
News SummaryAll newsMarketScreener Strategies
The feature you requested does not exist. However, we suggest the following feature:

Stocks and oil edge higher as investors eye Fed meeting

share with twitter share with LinkedIn share with facebook
share via e-mail
12/19/2018 | 04:40pm CET
Men look at stock quotation boards outside a brokerage in Tokyo

NEW YORK (Reuters) - Global equity markets edged higher on Wednesday after a three-day sell-off which had investors seeking safety in bonds due to mounting pessimism over world economic growth.

Crude oil futures have plummeted almost 10 percent since last Thursday while world stock markets have tumbled to 19-month lows.

Investors expected the U.S. Federal Reserve to announce one more interest rate hike at a policy meeting later in the day, but they speculated that the U.S. central bank might signal that it plans to stop tightening monetary policy.

"Financial market volatility, falling inflation expectations, and pockets of slowing growth will likely combine to produce a dovish hike in December", BNP Paribas told clients.

MSCI's index of stocks around the globe rose 0.7 percent, boosted by broad gains in Europe and the U.S., though it remains down nearly 12 percent since the start of December.

On Wall Street, the Dow Jones Industrial Average rose 169.77 points, or 0.72 percent, to 23,845.41, the S&P 500 gained 19.45 points, or 0.76 percent, to 2,565.61 and the Nasdaq Composite added 61.22 points, or 0.9 percent, to 6,845.13.

U.S. stocks are on pace for their biggest December declin
e since 1931, the depths of the Great Depression. https://tmsnrt.rs/2A3z5ML

The latest jolt on the growth front came from Japan, which said its export growth slowed to a crawl in November, an ominous signal for the trade-focused economy.

Logistics and delivery firm FedEx, considered a bellwether for the world economy, slashed 2019 forecasts, noting "ongoing deceleration" in global growth.

"It's a confluence of several important factors: the market is adjusting its outlook on growth and there is a consensus we will see a slowdown. More importantly, the market is adjusting to the idea this will translate into lower earnings growth," said Norman Villamin, chief investment officer for private banking at Union Bancaire Privee in Zurich.

"It's being complicated by the tightening liquidity situation with the Fed expected to move today and the ECB having signaled the end of its (stimulus)".

Expectations of a Fed pause and the equity sell-off have sent 10-year Treasury yields to their lowest since August. Benchmark 10-year notes <US10YT=RR> last rose 2/32 in price to yield 2.8156 percent, from 2.823 percent late on Tuesday.

Yields in Japan and Australia also reached multi-month lows.

The dollar index <.DXY> fell 0.49 percent, with the euro up 0.57 percent to $1.1426.

(Reporting by David Randall; Editing by David Gregorio)

By David Randall

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.90% 23887.16 Delayed Quote.-4.22%
NASDAQ 100 0.94% 6552.1038 Delayed Quote.0.81%
NASDAQ COMP. 0.89% 6843.5453 Delayed Quote.-2.17%
S&P 500 0.88% 2568.63 Delayed Quote.-4.77%
US DOLLAR INDEX 0.00% 97.1 End-of-day quote.5.71%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on US DOLLAR INDEX
04:36pSouth African rand rises as dollar falls before Fed rate decision
04:35pStocks and oil edge higher as investors eye Fed meeting
04:24pCURRENCIES : Dollar Skids Lower Ahead Of Expected Fed Policy Decision
04:12pWALL STREET STOCK EXCHANGE : Stocks Rise Ahead of Final Fed Decision of the Year
03:59pMARKET SNAPSHOT: U.S. Stocks Rise Modestly Ahead Of Fed Meeting; Market Expec..
03:48pWALL STREET STOCK EXCHANGE : Stocks Open Flat Ahead of Final Fed Decision of the..
03:04pGLOBAL MARKETS LIVE : Fedex, J&J, SoftBank, GE…
01:57pWALL STREET STOCK EXCHANGE : Stocks Edge Up Ahead of Final Fed Decision of the Y..
12:17pCopper Gets a Boost From Weaker Dollar
12:12pWALL STREET STOCK EXCHANGE : Stocks Edge Up Ahead of Final Fed Decision of the Y..
More news
Duration : Period :
US Dollar Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends US DOLLAR INDEX
Short TermMid-TermLong Term