Stocks Steady as Rate Fears Ebb
13 September 2016 - 6:30PM
Dow Jones News
Stocks markets in Europe and Asia steadied Tuesday after a
strong finish on Wall Street, as investor concerns eased over a
potential September rise in interest rates by the Federal
Reserve.
The Stoxx Europe 600 rose 0.4% in early trade after falling for
three consecutive sessions. U.S. futures pointed to a 0.5% opening
loss for the S&P 500, which notched its largest gain on Monday
since early July.
In Asia, Japan's Nikkei Stock Average rose 0.3%, while
Australia's S&P ASX 200 edged lower and the Shanghai Composite
Index was little changed.
Global stocks have been volatile in recent sessions as investors
have focused intensely on central bank actions. Speculation that
the Fed could raise rates as soon as next week sparked a sharp
selloff in stocks on Friday, but those concerns appear to have
abated after three Fed officials said on Monday there is no hurry
to move.
The WSJ Dollar Index, which measures the greenback against a
basket of currencies, was 0.2% higher Tuesday, clawing back some of
Monday's losses. In commodity markets, Brent crude oil was down
1.6% at $47.56 a barrel, after rising Monday.
Write to Christopher Whittall at
christopher.whittall@wsj.com
(END) Dow Jones Newswires
September 13, 2016 04:15 ET (08:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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