Global Markets News

Bond yields up, dollar rallies after upbeat Fed statement

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NEW YORK - U.S. stocks fell while the dollar and government bond yields rose on Wednesday after the Federal Reserve announced the end of its stimulus program in a statement that also noted improvement in the U.S. labor market.

Wall St. ends with modest decline after Fed

NEW YORK - U.S. stocks closed with slight losses on Wednesday, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in U.S. economic prospects. | Video

6:50pm EDT

Dollar gains on Fed confidence, rate rise seen sooner

NEW YORK - The U.S. dollar surged higher on Wednesday after the Federal Reserve signaled confidence the U.S. economic recovery remained on track while investors started to bet on an interest rate increase sooner than previously expected. | Video

4:56pm EDT

U.S. mortgage bond prices extend fall after FOMC

NEW YORK - Prices on U.S. 30-year agency mortgage-backed securities extended their earlier decline Wednesday mid-afternoon after the Federal Reserve as expected decided to end its monthly purchases of MBS and Treasuries.

2:23pm EDT

U.S.-based stock funds attract biggest weekly inflows since Feb. - ICI

NEW YORK - Investors in U.S.-based mutual funds poured more than $6 billion into stock funds in the week ended Oct. 22 due to demand for cheaper U.S. stocks following a market pullback, data from the Investment Company Institute showed on Wednesday.

3:27pm EDT

Cargill makes foray into metals derivatives as banks exit

NEW YORK - Cargill Inc. [CARG.UL] plans to apply for Category 2 membership of the London Metal Exchange, it said on Wednesday, as the agricultural merchant makes its first foray into base metals derivatives sales as European banks retreat.

7:03pm EDT
World Markets

UPDATE 2-Gold miner Agnico earnings miss but raises output forecasts

(Recasts with earnings miss, adds production forecast for 2014)

Stocks, 7:49pm EDT

European shares rise ahead of Fed; Sanofi drops again

PARIS, Oct 29 - European shares rose early on Wednesday, tracking sharp gains on Wall Street ahead of the U.S. Federal Reserve's latest policy announcement.

Periphery lags as European shares post small gains ahead of Fed

* FTSEurofirst 300 up 0.2 pct * BBVA leads euro zone bank selloff after result miss * Traders say investors more cautious after AQR * Fugro tumbles 26 pct after cancelling payout By Francesco Canepa LONDON, Oct 29 - Southern European shares lagged small gains in pan-European indexes on Wednesday as weak results from heavyweight bank BBVA offset optimism ahead of a Federal Reserve's policy announcement. Spanish bank BBVA fell 4.1 percent as it reported a lower-

Nikkei rises on Fed view, industrial data, GPIF news

TOKYO, Oct 29 - Japanese stocks rose 1.5 percent to a three-week high on Wednesday, buoyed by hopes that the U.S. Federal Reserve will reiterate its willingness to wait some time before hiking interest rates and by stronger-than-expected domestic industrial data. Also underpinning sentiment was a Reuters report that Japan's $1.1-trillion public pension fund had pulled back from Japanese bonds in the most recent quarter, allowing domestic bonds to fall below half of its portfolio fo

Asian Markets, Stocks 2:28am EDT

Hong Kong shares gain on Fed hopes, casino stocks jump

HONG KONG, Oct 29 - Hong Kong shares rose, tracking strength in China markets, on anticipation the Federal Reserve later on Wednesday will reinforce signals that it could be a long time before U.S. interest rates rise.

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