Meanwhile, the market believes that at the next meeting of the Federal Open Market Committee (FOMC) on June 14, 2023 the representatives of the Fed may raise the base interest rate by another 25 basis points. It's all caused by problems in the global economy and the prospect of default on U.S. government debt.
This is bad news, because market participants earlier expected the situation with the rate to normalize. It was supposed to remain the same after the first summer meeting, and then go to the decline.
Meanwhile, the market believes that at the next meeting of the Federal Open Market Committee (FOMC) on June 14, 2023 the representatives of the Fed may raise the base interest rate by another 25 basis points. It's all caused by problems in the global economy and the prospect of default on U.S. government debt.
This is bad news, because market participants earlier expected the situation with the rate to normalize. It was supposed to remain the same after the first summer meeting, and then go to the decline.
The lead from Wall Street offers little clarity as the major averages opened lower on Friday and then bounced back and forth across the unchanged line, finally finishing mixed and little changed.The Dow added 33.18 points or 0.10 percent to finish at 34,798.00, while the NASDAQ eased 4.54 points or 0.03 percent to close at 15,047.70 and the S&P 500 rose 6.50 points or 0.15 percent to end at 4,455.48. For the week, the Dow rose 0.6 percent, the NASDAQ added 0.1 percent and the S&P gained 0.5 percent.The lackluster performance on Wall Street came on uncertainty about the outlook for the markets following recent volatility.
The SSE was the first modern stock exchange to open in China, with trading commencing in 1990. It has now grown to become the largest stock exchange in Asia and the third-largest in the world by market capitalization, which stood at RMB 50.6 trillion (US$7.8 trillion) as of September 2021. Stocks (both A-shares and B-shares), bonds, funds, and derivatives are traded on the exchange. The SEE has two trading boards, the Main Board and the Science and Technology Innovation Board, the latter more commonly known as the STAR Market. The Main Board mainly hosts large, well-established Chinese companies and lists both A-shares and B-shares.
