Fed holds on interest rates, Wall Street slides; ASX set to slip
The two officials in the Fed committee opposed the vote on Wednesday, which is an indication that Powell may face increasing pressure to reduce rates soon. Most of the Wall Street expects the Fed to continue the lowering rates in September. This year, after reducing the rates at the end of last year.
The two -year US Treasury note reached 3.86 percent from 3.87 percent to 3.87 percent on Tuesday. It tends to closely follow the expectations of what Fed will do with interest rate overnight.
Considering longer -term expectations for economy and inflation, 10 -year Treasury seized 4.34 percent.
In Wall Street, large US companies were mixed with shares as they continued to report a profit for more spring than analysts expected.
Humana increased by 10.3 percent after the insurer and the health giant reported more powerful results than expected for spring. It also increased profit and income estimates all year round.
The video game manufacturer Electronic Arts climbed 7 percent after completing the Wall Street’s expectations. The company said that he has made better contributions from EA Sports and other games than expected and will announce the new Battlefield game on Thursday.
Companies are under pressure to provide solid profit growth. In recent months, some critics have said that the large US stock market looked very expensive to justify big jumps in stock prices.
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Tran Technologies, which has been the day of a 27.5 percent earnings for the year, has fallen more powerful profit than expected in the last quarter. Heating, ventilation and air conditioning company’s income, the current quarter of the estimates of analysts such as profit estimation remained below the estimates. 8 percent fell.
Starbucks swung between gains and losses after analysts reported a weaker profit than expected while trying to return their operations. The company hopes to improve its performance through new products, including advanced store operations and cold foam protein drink. The stock increased by 0.4 percent.
Palo Alto Networks fell by 4.4 percent after saying that he would buy Cyberk, a identity security company $ 25 billion ($ 38.9 billion) for cash and stock. Cyberark added 1.4 percent of shares.
In exchanges abroad, the indices were mixed in Europe and Asia. Hong Kong’s hanger Seng fell by 1.4 percent and KOSPİ from South Korea increased by 0.7 percent for two of the larger movements.
AP
Market Summary Bulletin is a winding of the trade of the day. Take each onetoKday afternoon.
