OANDAGermany’s blue-chip Dax stock index moved further into correction territory on Tuesday, as jitters about the future of cash-strapped Greece took a bite out of its stellar performance this year.
The Dax was down almost 1 percent at 10,956 in Europe on Tuesday, having tumbled more than 11 percent from a high hit above 12,000 in April. On Monday, the stock index marked a 10 percent decline from its April peak – putting it technically into correction territory.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.
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Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
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While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of
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Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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