World shares wobbly after Wall Street sinks into bear market

Financial

BEIJING (AP) — Asian stock markets were mixed Wednesday ahead of the Federal Reserve’s announcement of how sharply it will raise interest rates to cool U.S. inflation.Shanghai and Hong Kong advanced. Tokyo and Sydney declined. Oil prices edged higher.Wall Street’s benchmark S&P 500 index lost 0.4% on Tuesday as traders waited for a Fed rate…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
MaterialsXchange Adds Automated Ordering to Wholesale Lumber Marketplace
Timber frame specialist secures OSHA framework agreement
Forests face fierce threats from multiple industries, not just agricultural expansion
A Housing Plan for Manhattan’s Empty Spaces
Even with inflation cooling down, there’s still a ‘risk of recession’ since the Fed keeps hiking interest rates, Janet Yellen says