Wall Street is booming, with ripple effects around the globe. Now investors are watching for the latest announcement from the Federal Reserve.
Global markets continue to wobble precariously. European markets took a big hit on Tuesday, following major losses across Asia and particularly in Japan. Wall Street steadied after a torrid opening.
US stock markets went through more chaos on Thursday, with the latest losses only slightly behind the record-breaking Monday trimming as concerns mount over inflation and interest rate hikes.
Tokyo's Nikkei 225 has posted the longest winning streak in its nearly 70-year history as markets cheered the weekend election victory of Japan's pro-business Prime Minister Shinzo Abe.
Japan's stock market has continued its rally as investors are optimistic about the mid-term prospects for the global economy. The Kobe Steel data scandal no longer seems to worry traders that much.
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