All three of Wall Street's major indexes advanced more than 1% on Thursday as investors considered the Federal Reserve's path for interest rate hikes and worries eased about the prospects of a Russian default after creditors received payments.
Investors were reassured that Russia may, at least for now, have averted what would have been its first external bond default in a century. This was because creditors received payment, in dollars, of Russian bond coupons which fell due this week, two market sources told Reuters on Thursday.
"People have gotten more comfortable with the fact rates are going higher. This has been talked about ad nauseum by Chairman Powell since early December," he said. "The fact there were no significant negative surprises in the Fed's plans coming out of the meeting, and Powell's commentary, gave people a sense that maybe we've seen as bad as it's going to get in the near term.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Fed, war and inflation not enough to take down Wall StreetWhat you need to take care of on Thursday, March 17: The American dollar ended the day lower after the US Federal Reserve monetary policy decision. Th
Read more »
Asian Stock Market: Tracks Wall Street gains, Hang Seng leads bullsAsia-Pacific equities stay on the front foot during early Wednesday as easing covid woes in China helped the shares to track Wall Street’s gains. Tech
Read more »
Wall Street Journal: Traditional Automakers Starting to Emulate Tesla's Retail StrategyWall Street Journal: Traditional automakers starting to emulate Tesla's retail strategy Tesla's online approach of selling direct-to-consumer
Read more »
Sister Takes Minority Stake in Doc Specialist Dorothy Street PicturesThe London-based banner is co-producing the upcoming Pamela Anderson documentary for Netflix.
Read more »
Sister Takes Minority Stake in ‘Be Water’ Producer Dorothy Street PicturesTransatlantic production powerhouse Sister has taken a minority stake in independent outfit Dorothy Street Pictures. Dorothy Street Pictures, which is behind Sundance and Cannes title, Bruce Lee do…
Read more »
What does a Federal Reserve interest rate hike mean for Main Street?The Federal Reserve is expected to raise interest rates this week. Here's what that could mean for your wallet.
Read more »