World Bulletin / News Desk
Wall Street closed higher Wednesday as the Federal Reserve increased interest rates and pointed to strengthening economic conditions.
The Dow added 112 points to finish at 20,950 and the S&P rose 19 points to end the day at 2,385.
The Nasdaq increased 43 points to close at 5,900.
Fed Chair Janet Yellen said the economy is getting closer to the central bank's objectives. ”The simple message is that the economy is doing well,” she said.
Markets had already priced in the Fed's rate hike in recent weeks in anticipation of the rate hike.
After the interest rate increase was announced, the dollar lost some recent gains against major currencies, while oil prices rose around 2 percent to rally the stock market.
At the final bell, American benchmark West Texas Intermediate was trading at $48.83 -- up 2.4 percent. International benchmark Brent crude was at $51.87 -- a 1.9 percent gain.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
BIST 100 rises 0.69 percent; US dollar/Turkish lira exchange rate stands at 4.0830
The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Excluding interest payments, central government budget balance saw surplus of nearly $500M in first quarter of 2018
London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.
The US, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.