Market News

Who would have believed it? Alexis Tsipris, Greece’s former head of state has proven his worth by returning his Syriza Party back into power.

The Fed failed to raise interest rates at its last meeting and the outlook for a future hike by the end of this year seems dim as well.

The Federal Reserve held firm yesterday, keeping the interest rate that has been in place since 2006 in tack.

Even as the world’s financial markets await a policy decision from the US Federal Reserve Bank, arguably the most important central bank on the globe, other central banks continue to grind on.

By the end of the day, the world will be different. Global economies will have to be readjusted and markets will fluctuate accordingly.

The US Dollar had edged broadly higher earlier, lifted by the rise in yields of US Treasury instruments

Investors are sitting on tendrils as the Federal Reserve meeting takes off today. By the end of the two day session, the world will know whether the proposed interest rate hike will be implemented or will be postponed for some time in the future.

The Japanese central bank earlier made the decision not to further stimulate the economy; Haruhiko Kuroda, the governor of the Bank of Japan, maintained a positive outlook on the country’s economic recovery.

Over the weekend, disappointing economic news from China came out which could weigh on antipodean currencies in the future as investors consider the far reaching impact of a slowdown.

Oil dropped again Friday losing another nearly 3 percent in the past week and down about 50 percent year over year.

Asian shares rose slightly on the last day of the week’s trading, propelled by stocks in Hong Kong which seemed to be heading for their first week of gains in nearly two months.

The New Zealand Dollar fell earlier after the Reserve Bank of New Zealand lowered its benchmark rate.

Good news from down under today. Australian employment is on the mend, adding 17,400 jobs for the two months since July.

The US Dollar edged higher versus the Japanese Yen after safe haven demand ebbed following a global stock market rally.

Despite weak Chinese data earlier this week that had analysts questioning economic stability in the region, Asian stocks soared on Wednesday, with both Chinese and Japanese stocks rising and the Topix index advancing in all 33 sectors.