The global forecast for the Asian markets suggests mild selling pressure following mostly higher performances last week. The European markets finished lower on Friday and the U.S. bourses were mixed but little changed - and the Asian markets figure to split the difference.
The SCI finished modestly higher on Friday following gains from the financial shares, port operators and the tourism stocks.
For the day, the index advanced 10.35 points or 0.46 percent to finish at 2,240.81 after trading between 2,225.27 and 2,243.30 on turnover of
Among the actives,
The lead from
The NASDAQ inched up 6.45 points or 0.1 percent to 4,538.55, while the Dow dipped 38.27 points or 0.2 percent to 17,001.22 and the S&P 500 edged down 3.97 points or 0.2 percent to 1,988.40. For the week, the Dow jumped 2 percent, while the NASDAQ and the S&P 500 surged 1.6 percent and 1.7 percent, respectively.
The choppy trading followed Yellen's speech at the Kansas City Fed's economic policy symposium in
The Fed chief said that the central bank could go either way with regard to interest rates. While Yellen said an increase in rates could come sooner than expected if progress on inflation and the labor market occurs more rapidly than anticipated, she also said the future path of rates could be more accommodative if the economic performance turns out to be disappointing.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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