World markets little changed ... What will the Fed say? ... OECD thinks eurozone will grow as much as US this year
SEOUL, South Korea (AP) — Global stock markets are little changed today as investors take to the sidelines ahead of the U.S. Federal Reserve’s announcement of the results of its meeting. Britain’s FTSE (foot-see) 100 has dipped 0.1 percent in early trading. Germany’s DAX and France’s CAC have each gained 0.1 percent. In Asia’s trading, Japan’s Nikkei 225, Hong Kong’s Hang Seng and China’s Shanghai Composite Index closed up. South Korea’s Kospi edged down. Wall Street futures signal a lukewarm start, with both S&P and Dow futures remaining flat.
WASHINGTON (AP) — When the Federal Reserve wraps up its two-day meeting today, it’s expected to announce that it will begin to reduce its enormous bond portfolio, which reached $4.5 trillion. The move would gradually increase long-term borrowing rates. While the decision to shrink the Fed’s balance sheet is much expected, when and how the Fed will manipulate its target for short-term interest rates is less clear.
PARIS (AP) — The Organisation for Economic Co-operation and Development has upgraded its economic growth forecasts for the 19-country eurozone following a run of upbeat news. In a forecast update, the OECD thinks that the eurozone will grow by 2.1 percent this year, 0.3 percentage point more than its previous prediction in June. That means the OECD is expecting eurozone growth this year to match the U.S. rate, which it left unchanged.
LONDON (AP) — A lobby group for small businesses in Britain is warning that rising prices and a stuttering domestic economy are driving confidence down and prompting an increase in the number of entrepreneurs considering selling their firms. The Federation of Small Businesses blames tumbling optimism on rising inflation and a weakening national economy. But exports have been helped by the pound’s post-Brexit fall.
TORONTO (AP) — Equifax says about 100,000 Canadian consumers may have had their personal information compromised in the massive cyberattack on the credit data company that was revealed this month. The credit data company says the information that may have been compromised included names, addresses, social insurance numbers and in some cases credit card numbers.