NEW YORK - After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings.
NEW YORK - A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. | Video
NEW YORK - Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected.
JACKSON HOLE, Wyo. - The Federal Reserve on Friday left the door open to a September interest rate hike even while several U.S. central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay the first policy tightening in nearly a decade.
- The stock market turmoil of the last five days, following weeks of broader declines that have left half of this year's newly listed stocks below their offering prices, could slow the already cooling U.S. market for initial public offerings.
WASHINGTON - U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year. | Video
(Updates futures, adds news) LONDON, Aug 26 - Britain's FTSE 100 index is seen opening around 8 points or 0.1 percent higher on Friday, according to financial bookmakers. Futures were down 0.2 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on * The UK blue-chip index rose 3.6 percent on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by
NEW YORK, Aug 28 - Wall Street ended near flat on Friday after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected.
LONDON, Aug 28 - European stocks closed out a rollercoaster week with modest gains on Friday, although a leading regional equity index was still on track for its worst month in four years due to underlying concerns over China.
TOKYO, Aug 28 - Japanese stocks extended a rally on Friday as investors took heart from strong U.S. economic data and further gains on Wall Street, with strength in Chinese markets further helping to calm frayed nerves.
* Local government pension funds seen coming in soon (Adds analyst quote, Hong Kong close, details)
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