Tag

Many analysts had been betting on a rate hike when Fed officials next meet in September given sustained strength in the world’s largest economy.

The move also creates potential headaches for US President Barack Obama as he prepares to host Chinese President Xi Jinping at a summit in September.

Particularly with uncertainty about the Chinese currency, “people are saying this is risk, and we step away from the market“. “Even then, the dependent question mark over growth will linger”.

European stocks fell into a correction on Friday, with a dismal week for the market rounding off with downbeat data from China and Greece facing a snap election.

The S&P 500 dropped 43.88 points, or 2.1 percent, to 2,035.73 and the Nasdaq composite lost 141.56 points, or 2.8 percent, to 4,877.49.

The DAX is some 16 percent below a record high of 12,390.75 set in April and at its lowest level since January.

The consumer price index increased 0.1% in July, down from a 0.3% rise the previous month, the Labor Department said Wednesday.

NASA astronauts on the worldwide Space Station (ISS) have grown the first ever vegetables in space-and are about to eat them.

The Asian markets dropped even lower on Thursday in the latest chapter of an ongoing slump which threatens to collapse the entire financial system of China.

Having been outperformed by their larger peers earlier in the session, small-cap stocks roared higher in afternoon trade, with the CSI 500, Shenzhen Composite, and tech-heavy ChiNext indices all finishing with gains in excess of 2%.

If the yuan is not included into the basket next year, China will have to wait another five years for the next review.

PetroChina Co. paced losses for energy companies as oil extended its decline from the lowest close in more than six years.

A smaller fall in clothing prices on the month compared with a year ago was the main contributor to this rise in inflation, according to the ONS, and falling prices for food and non-alcoholic beverages partially offset the rise.

The Dow Jones Industrial Average closed down 33.84 points, or 0.2%, at 17,511.34, after being off as many as 59 points.

Some participants also discussed the risk that a possible divergence in interest rates in the United States and overseas might lead to further appreciation of the dollar, extending the downward pressure on commodity prices and the weakness in net exports.