Stock Markets Stabilize As Investors Await Fed Interest Rate Hike
SINGAPORE — World stocks stabilized Tuesday, with Wall Street expected to edge up after heavy losses the day before, as traders prepare for a likely interest rate hike by the Federal Reserve. KEEPING SCORE: In Europe, Germany’s DAX was 0.5 percent higher at 10,820 after falling into a bear market on Monday. France’s CAC 40 was flat at 4,801 and Britain’s FTSE 100 index fell 0.5 percent to 6,740. WALL STREET: On Monday, broad selling knocked U.S. indexes to their lowest levels in over a year. Investors sold almost everything, from technology ...
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