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Stocks rise, Treasuries rally as Fed tightens

  Bloomberg US stocks extended gains, Treasuries rallied and the dollar tumbled after the Federal Reserve raised interest rates as expected while keeping steady its forecast that it will tighten a total of three times this year. The S&P 500 Index rose 0.5 percent, while the yield on 10-year Treasury notes tumbled to 2.53 percent at 2:02 p.m. in New ...

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Gulf markets mixed but banks buoy Saudi

  DUBAI / Reuters Gulf stock markets were mixed on Wednesday but Saudi Arabia was boosted by banks after credit rating agency Moody’s raised its outlook for the kingdom’s banking system to “stable” from “negative”. The Saudi stock index climbed 0.7 percent as 11 of the 12 listed banks gained, with the biggest, National Commercial Bank, rising 2.4 percent. “Saudi ...

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European stocks climb with miners on Fed and Dutch election day

  Bloomberg European stocks rose, lifted by gains in mining companies, as traders prepared for decisions by Federal Reserve officials and by Dutch voters that may give market signals for the region’s interest rates and politics. The Stoxx Europe 600 Index rose 0.4 percent at the close. Raw materials producers including Rio Tinto Plc and Glencore Plc led a rebound ...

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