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Tag Archives: US Federal Reserve meeting

Oil value declines ahead of US Fed meeting

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SINGAPORE: Oil prices fell in Asia on Wednesday as dealers await the outcome of a US Federal Reserve meeting and the release of a US supply report expected to show a surge in crude stockpiles, analysts said. US benchmark West Texas Intermediate for March delivery fell 75 cents to USD 45.48 while Brent for March eased 60 cents to USD ... Read More »

European stocks end higher, FTSE 100 up 2pc, Frankfurt DAX 30 soars 2.8%

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LONDON: Global stock markets surged in a “Santa Clause rally” as traders welcomed the effect of the US Federal Reserve meeting which indicated an interest rate increase was not imminent. In Europe, London’s benchmark FTSE 100 index closed up 2 per cent to 6,466 points as investors welcomed British retail sales rising strongly in November as shoppers snapped up bargains. ... Read More »