The LFB submits:Play: Latest Global Video Charting The reaction to better than expected U.S. Employment data on Friday was for equity trade to move higher, commodities to lose ground, and interest rate markets to be bought. In reality the NFP numbers offered a poor picture of the overall U.S.
WASHINGTON: The Federal Reserve began meeting early Thursday to decide on a crucial interest rate increase that has left global markets and economic policy makers on edge for weeks. After locking its benchmark interest rate at zero percent for nearly seven years, the Fed must decide whether the US and global economies are strong enough to weather a modest hike. A decision is expected at 1800 GMT, after which Fed Chair Janet Yellen will take the podium in front of media to explain the decision, with analysts focused on how the Fed sees the US and world economies going forward.
Sainsbury’s said the like-for-like sales excluding fuel rose 3.6pc in the ten weeks to March 16, with total sales excluding fuel up 6.3pc.
Sales for the supermarket group appear to have benefited from the discovery of horse meat in beef products sold by rivals Tesco and Asda, reports The Telegraph.
By Raghu Kumar It's an all too familiar story. When any major event occurs in the US -- such as a Fed interest rate decision, a GDP announcement, or practically any words uttered by Fed chair Janet Yellen -- the Indian economy reacts swiftly. And the absolute first indicator is reflected through higher volatility in the stock market. You might be wondering why would India's stock market react to a decision made by the US Fed on interest rates?