Most markets fall as traders weigh US rates outlook
HONG KONG, China — Most markets fell Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.
DOW latest news
Fed gets aggressive, cuts 50 basis points
The US Federal Reserve [link] slashed interest rates by 50 basis points (bp) earlier this morning, exceeding the 25 bp consensus estimate. This is the first time rates have been cut in the US since 2020, and it comes as the Fed says that it has “greater confidence” that inflation is heading back into a normal range. In its statement, Fed officials noted that job gains have slowed, but that the Fed is “strongly committed to support maximum employment.”
Boutier-Saso fades in foursomes, bows out
MANILA, Philippines -- Celine Boutier and Yuka Saso struggled once again in the foursomes format, finishing with a two-over 72 and falling out of contention in the Dow Championship. The tournament, now led by Jennifer Kupcho and Ally Ewing, is taking place in Midland, Michigan.
Bianca-Dottie team bows out
MANILA, Philippines — Philippine duo Bianca Pagdanganan and Dottie Ardina rebounded with a four-under 66 but still got the boot in the Dow Championship Friday in Midland, Michigan.
Boutier-Saso charges back with stellar 58; Pagdanganan-Ardina falls
MANILA, Philippines -- Celine Boutier and Yuka Saso made a remarkable comeback at the Dow Championship in Midland, Michigan Friday (Saturday Manila time), rebounding from a disappointing 74 in the foursomes with a tournament four-ball scoring record-tying 58.
Bianca, Dottie way off with 76
MANILA, Philippines — Paris Olympics-bound Bianca Pagdanganan and Dottie Ardina got off to a fumbling start at the Dow Championship, posting a six-over 76 Thursday in Midland, Michigan.
Markets rise as traders cheered by China property plan
HONG KONG, China — Equities rose Monday, extending a rally in New York that saw the Dow close at a record high, with sentiment boosted by China's plan to support its struggling property sector and hopes for a US interest rate cut.
Stock markets diverge on eve of key US inflation data
LONDON, United Kingdom — European and Asian stock markets were flat to slightly lower Tuesday on the eve of key US inflation data that could have a huge bearing on the extent of US interest rate cuts this year.
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