Financial Markets… Global stocks inched higher on Wednesday along with the dollar and U.S. Treasury yields as investors awaited the Federal Reserve decision on the future of its stimulus program. The benchmark MSCI world stock index gained 0.4% as Japan’s Nikkei 225 index and German’s DAX index climbed 2% and 1.5%, respectively, helped by weakening yen and robust German business sentiment. U.S.
Financial Markets…The dollar rose slightly against the euro but fell versus the yen on Tuesday ahead of a two-day Federal Reserve meeting that investors hope will finally clarify when it plans to reduce its quantitative easing program. The speculation over the timing of the Fed’s QE tapering has dominated market sentiment worldwide for months as investors worry an end of cheap money may trigger a tumultuous reaction from global financial markets. The greenback slid 0.1% to 102.97 yen, after reaching a five-year high of 103.92 yen last week, while it gained 0.1% t
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