Fed Decision, Brazil Rate Hike, Samsung Chip Warning - What's up in Markets

Opening Bell: Global Stocks Drift, U.S. Futures Slip Ahead Of Key Fed Meeting

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📚 Daily Digest  |  Wednesday, Mar 17, 2021

Fed Decision, Brazil Rate Hike, Samsung Chip Warning - What's up in Markets

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The Federal Reserve won't change interest rates or the rate of bond purchases, but will issue new guidance and growth forecasts when its two-day meeting ends later. It will also say whether it intends to end or extend a loophole on bank capital requirements that could have a big impact on the bond market in the near term. One central bank that may well hike rates later is Brazil's. Samsung warned that the global chip shortage isn't going away any time soon, and the International Energy Agency played down talk of a new 'supercycle' for oil, reminding everyone that prices are still being propped up artificially by the OPEC+ bloc. Here's what you need to know in financial markets on Wednesday, March 17th.

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Stock Market Plug Power Plunges 23% As Co To Restate Previous Financial Statements By Dhirendra Tripathi Investing.com – Shares of Plug Power (NASDAQ:PLUG) were down 23% in Wednesday's premarket trading, a day after the company said it would restate previously... Technology Uber under pressure on UK minimum wage in test of gig economy By Costas Pitas LONDON (Reuters) - Uber (NYSE:UBER) drivers in Britain should receive the minimum wage for the whole time they are logged on to the app, two former drivers said on... Technology Apple gets boost in French privacy fight, but still faces probe By Mathieu Rosemain PARIS (Reuters) - Apple (NASDAQ:AAPL) was given a boost on Wednesday as France's antitrust watchdog rejected advertisers' requests to suspend the iPhone... Commodities Oil slips for fourth day on Europe demand concern, IEA report By Alex Lawler LONDON (Reuters) - Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude... Economy Caution prevails in world markets ahead of Fed By Dhara Ranasinghe LONDON (Reuters) - Caution descended on markets on Wednesday with world stocks holding below recent record highs as investors waited to see whether the U.S.... Read More News »

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