Shares rise on US rate cut hopes
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Asian shares rise strongly on growing expectations that the US Federal Reserve will cut interest rates still further.
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US stock markets got a lift from the Federal Reserve's latest interest rate cut as the week's economic news confirmed the US economy is no longer accelerating and has struck a few worrisome potholes.
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Stocks shot higher on Tuesday after the Federal Reserve cut the fed funds rate by 50 basis points, providing relief to investors worried that the housing and credit market turmoil could spread to the broader economy.
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Stocks edged up on Friday as expectations of an interest rate cut offset a warning by Merrill Lynch that revived concerns about credit conditions and the impact of the weak U.S. housing market.
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Stocks rose on Wednesday adding to the previous session's rally, the biggest in more than four years, as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown.
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Stocks advanced on Tuesday as upbeat outlooks from technology companies boosted the sector and financial shares climbed on expectations the Federal Reserve will cut interest rates next week.
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Stocks rose on Tuesday, as rate-sensitive banking stocks gained on hopes that Federal Reserve Chairman Ben Bernanke will do nothing to dim hopes for an interest-rate cut when he delivers a speech this morning.
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Wall Street stocks soared on Tuesday afternoon as investors reacted with delight to a 50 basis point cut in US interest rates.
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London stocks were modestly higher on Tuesday, supported by hopes that UK interest rate cuts were still on the Bank of England's agenda after surprisingly weak inflation data.
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European stock markets pushed upwards in early deals as company news provided a fillip in otherwise cautious trading ahead of a US interest rate decision.
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Stocks rose on Wednesday as investors extended a rally a day after the Federal Reserve's bold rate cut, betting that lower borrowing costs would keep the economy from slowing further and boost profits.
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Shares rose on Monday after an investment deal raised hopes that wealthy foreign investors would come to the rescue of Americaâs ailing investment firms.
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NEW YORK A sharp jump in US consumer confidence pushed stocks higher Tuesday, offsetting concerns about the weakening dollar overseas.
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The dollar strengthened against the pound Monday after a senior Fed official raised the prospect of another cut in interest rate by indicating that last week&#39;s 0.5 percent lowering prevented the US economy sliding into recession.
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U.S. stocks gained on Tuesday, after  the Federal Reserve raised interest rates as expected, while it  reassured investors that inflation was in check and indicated  the economy was growing at a moderate pace.
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Asian stocks bounce back after an interest rate cut by the US Federal Reserve helps calm investor anxiety.
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U.S. stocks edged higher on Tuesday as growing optimism that the Federal Reserve will soon cut interest rates again overshadowed warnings from two retailers.