Wall Street Opens Higher Ahead of Fed on China Relief; Dow up 200 Pts By

© Reuters.

By Geoffrey Smith — U.S. stock markets opened higher on Wednesday but for most stocks it was a case of ‘wait-and-see’ while the Federal Reserve winds up its latest policy meeting. 

Support came from China, where a vaguely-worded statement from real estate developer China Evergrande put off what many consider to be an unavoidable default by saying it had reached an agreement with holders of an onshore bond on which interest is due on Thursday. It made no mention of other upcoming debt repayments. 

There was also an indication of sustained strength in the housing market, with a 4.9% weekly rise in . data for August are due at 10 AM ET. 

By 9:35 AM ET (1335 GMT), the was up 201 points, or 0.6%, at 34,121 points. The was up 0.4% and the was up 0.2%

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button