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Markets hit by fears of US June rate hike – business live

Discussion in 'Market News' started by Lily, May 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Shares fall in Europe and Asia as America’s central bank signals it could raise interest rates next month

    7.31am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business.

    Coming up today...

    “Most participants judged that if incoming data were consistent with economic growth picking up in the second quarter, labor market conditions continuing to strengthen and inflation making progress toward the [Fed’s] 2% objective, then it likely would be appropriate for the [Fed] to increase the target range for the federal funds rate in June.”

    Related: Interest rates could rise as soon as June, Federal Reserve suggests

    Our European opening calls:$FTSE 6109 down 57
    $DAX 9887 down 56
    $CAC 4293 down 26$IBEX 8727 down 48$MIB 17611 down 102

    **Today highlights**

    UK Retail Sales, ECB Minutes, Initial Jobless Claims, Fed's Fischer, Dudley and BoE's Vlieghe

    Deutsche Bank faces angry shareholders at today's AGM as stocks have underperformed under chairman Achleitner. pic.twitter.com/QV8wbv14TK

    Continue reading...

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