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| Version 0 | Version 1 |
|---|---|
| Global Markets Follow Wall St.’s Slide After Fed’s Move on Rates | Global Markets Follow Wall St.’s Slide After Fed’s Move on Rates |
| (about 4 hours later) | |
| Global markets on Thursday echoed Wall Street’s drop from the day before, and central banks were the most likely culprit. | Global markets on Thursday echoed Wall Street’s drop from the day before, and central banks were the most likely culprit. |
| Japanese investors led their counterparts around the world in mirroring Wall Street’s disappointment in the actions the Federal Reserve took on Wednesday. The Fed, as expected, raised its benchmark interest rate one-quarter of a percentage point and signaled that it would continue to raise rates next year. | Japanese investors led their counterparts around the world in mirroring Wall Street’s disappointment in the actions the Federal Reserve took on Wednesday. The Fed, as expected, raised its benchmark interest rate one-quarter of a percentage point and signaled that it would continue to raise rates next year. |
| The Bank of Japan added to investors’ negative mood on Thursday by maintaining its monetary policy, despite hopes that it would offer some form help for an economy contending with a slowing global outlook. The Bank of England announced it would keep its benchmark interest rate steady at 0.75 percent, and noted that concerns over Brexit are increasingly weighing on the British economy. | |
| On Wall Street, futures trading pointed to a small decline. | |
| In Britain, the FTSE 100 was down about 0.2 percent in early afternoon trading. Stocks in France and Germany were down about 1 percent. | |
| Oil prices returned to their lows for the year. | |
| In Tokyo, the Nikkei 225 Index fell 2.8 percent after the Bank of Japan’s comments. Another closely watched Japanese stock index, the Topix, fell into bear market territory, meaning it is now down 20 percent from its peak. | In Tokyo, the Nikkei 225 Index fell 2.8 percent after the Bank of Japan’s comments. Another closely watched Japanese stock index, the Topix, fell into bear market territory, meaning it is now down 20 percent from its peak. |
| Other Asian markets did not drop as much. | Other Asian markets did not drop as much. |