Money

Wall Street opens at record after Abe election win

Wall Street opens at record after Abe election win

October 23, 2017

NEW YORK, Oct 23 —  Wall Street indexes hovered at record levels today as investors cheered the continuation of “Abenomics” following Japanese Prime Minister Shinzo Abe’s emphatic win in the weekend polls. The market has had a strong run, with the Dow breaking the 23,000 milestone last week on strong earnings. Stocks also got a boost on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump’s tax plans may move forward. Corporate... Read more

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Reuters Video: High noon for the ECB, Draghi at the QE Corral
The ECB will this week decide to trim its asset purchases, according to a Reuters poll of economists, while also extending its QE programme. But economists are split on just how long the extension could be, and on the scale of any reduction, just as doves and hawks at the bank may also be divided. — Reuters Read More