TOKYO, April 17- Japan's Nikkei share average was flat in choppy trade on Thursday morning as profit-taking from the previous day's big gains offset strength in U.S. shares which rose on confidence that the Federal Reserve will keep the interest rates low.» Read More
Global markets turned lower as Wednesday's rate cut by major central banks failed to unlock credit markets, putting pressure on officials to take further action.
Markets rebounded on Thursday after the previous day's rocky ride, but where can investors seek refuge?
Were you surprised the markets closed down despite worldwide coordination among central banks? Cramer wasn't. Here's why.
Watch for more triple-digit market moves Thursday. Stocks could just as easily be up as down if you look at Wednesday's action. Even after major central banks joined the Fed in an unprecedented global rate cut, stocks ended lower after a volatile 400 point swing in the Dow.
For the first time in history, central banks around the world including our own Fed slashed interest rates in tandem with one another. But will it work?
The U.S. is likely to have gone into a recession in the last couple of weeks, said Sam Zell, chairman of Equity Group Investments, on CNBC.
A round of coordinated interest rate cuts failed to calm global stock markets, fueling speculation that governments will have to do even more to tackle the credit crisis.
Central banks around the world Wednesday cut interest rates in a coordinated move amid mounting losses on global stock markets...
Now What? Traders are holding out hope for capitulation. That could come anytime, but it doesn't have to be this week or even next week. The big fear? The snow balling affect of fund redemptions will keep the selling pressure on.
The Federal Reserve led a global interest rate cut Wednesday along with the central banks of the UK, European Union, Switzerland, Sweden, and Canada.
The practical effect is that borrowing costs go down and can be lent at higher rates so the "yield curve" is steeper and that could improve bank profitability. This is another in the string of actions taken by the Fed to improve liquidity.
Central banks around the world Wednesday cut interest rates amid mounting losses in financial markets, as the credit crunch continued to seize up lending.
The Fed has not been particularly agile. Today’s rate cut was late and small. Really, the cut was not actually a cut at all. Bernanke had already been pumping enough money into the system to lower the rate at least to 1.5%.
Stock markets around the world continued to tumble. As investors bail out of stocks, where can investors look for more safety?
No buyers showed up on Wall Street this week. It sounds like a simplistic excuse, but traders say they don't see real buyers, and that's why the stock market spirals lower and lower.
Stocks plunged in the final minutes of trading as comments from Fed Chairman Ben Bernanke failed to soothe this cranky market. The Dow Jones Industrial Average lost about 500 points, or 5 percent, breaching the key 9,500 mark. In the past two days, the blue-chip index has lost nearly 900 points. Bank stocks led the decline, with the S&P financial-sector index at its lowest point since May 1997.
Now that the Congress passed its big bad bill to save the economy or at least shore up the credit markets, attention is turning back to the crux of the whole problem; that being foreclosures.
Stocks declined after a brief uptick as Fed Chairman Ben Bernanke seemed unable to soothe this cranky market for more than five minutes.
Below are the minutes released by the Federal Open Market Committee after its Sept. 16 meeting on interest rate policy:
Cries for a rate cuts from central banks across the world are growing, but the arguments against such a move aren't going away.