Stocks slide overnight as China hikes rates
Stocks in Europe and the US slid as China unexpectedly increased its benchmark interest rate and after Apple's earnings forecast fell short of some expectations.
AdvertisementAdvertise with NZME.
Latest fromNew York Stock Exchange
Sigh of relief on Wall St overnight
Shares on Wall St advanced overnight, helped by better-than-expected results from Citigroup and expectations the Federal Reserve would further ease monetary policy.
Wall St welcomes Fed confirmation of easing
Equities on Wall Street welcomed clarification about Federal Reserve policy makers' plans for further monetary easing to help propel US economic growth.
M&A dominates Wall St, gold holds hear high
Mergers and acquisitions dominated activity on Wall St, with almost US$10 billion of deals announced as the S & P 500 Index held near a four-month high.
<i>Inside Money:</i> Buy New Zealand cheap (but only in America)
New Zealand is now officially for sale on the New York Stock Exchange at the very reasonable price of 55 basis points (or 0.55 per cent).