Latest Central bank interest rates News

Asian shares fall on poor Chinese economic data

Dec. 13, 2018 11:00 PM EST

SINGAPORE (AP) — Asian markets tumbled on Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy. KEEPING SCORE: Japan's Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to...

Eurozone stimulus program to end as growth worries resurface

Dec. 13, 2018 10:47 AM EST

FRANKFURT, Germany (AP) — The European Central Bank is ending the massive stimulus program that helped nurse the eurozone economy back to health over the past four years — despite the emergence of new risks including a global trade war and Brexit. Thursday's decision to stop the bank's monthly bond...

The Latest: Low rates expected to support European economy

Dec. 13, 2018 8:58 AM EST

FRANKFURT, Germany (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 2:55 p.m. European Central Bank President Mario Draghi says strong domestic demand and low interest rates are supporting the economy in Europe despite a recent moderation in growth. Draghi said at...

Wall Street whiplash: Stocks' volatility looks here to stay

Dec. 7, 2018 6:28 PM EST

NEW YORK (AP) — The stock market hasn't been this dizzying in years, and investors may need to get used to it. The S&P 500 slid 4.6 percent this past week as worries piled up about the economy's strength, global trade and interest rates. It was a whiplash-inducing reversal from the prior week, when the...

Stocks drop 4 percent in rocky week on trade, growth worries

Dec. 7, 2018 6:25 PM EST

Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more than 550 points from the Dow Jones Industrial Average, bringing its...

US hiring pullback could signal mild slowdown in growth

Dec. 7, 2018 4:29 PM EST

WASHINGTON (AP) — U.S. job growth declined modestly in November, a move that could signal a slower but still steady pace of hiring and growth next year. The potential for a more anemic economy contributed to a sharp drop in the stock market Friday, sending the Dow Jones average down 560 points, or 2.2%, by...

Solid US jobs report expected amid sharp market volatility

Dec. 7, 2018 7:38 AM EST

WASHINGTON (AP) — Friday's jobs report for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week's frantic financial market gyrations, which have been driven...

Asian shares rise on Wall Street gains amid trade friction

Dec. 6, 2018 10:42 PM EST

TOKYO (AP) — Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia's S&P/ASX 200 gained 0.5 percent to 5,685.50 in early...

Fed survey cites rising concerns about trade tariffs

Dec. 5, 2018 4:42 PM EST

WASHINGTON (AP) — The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and tight labor markets. In its latest report on economic conditions around the country, the Fed said that most...

Asia shares sink after Wall Street sell-off

Dec. 4, 2018 11:05 PM EST

BEIJING (AP) — Asian stocks sank Wednesday after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire. KEEPING SCORE: Hong Kong's Hang Seng index fell 1.6 percent to 26,840.74 points and the Shanghai Composite Index lost 0.7 percent to 2,647.55. Tokyo's...